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Understanding Tender of Payment by PennyDoll is a document available to read on EtoBox.

What is Understanding Tender of Payment about?

This document provides 3 key points about discharging debt: 1) Federal Reserve notes have no intrinsic value and cannot be used for payment of debts according to the US Constitution. 2) A bill of exchange meets the definition of a negotiable instrument and legally discharges any alleged debt once tendered. 3) Refusal of a debt payment is itself a form of discharge, according to the Uniform Commercial Code. The debt is discharged up to the tendered amount.

Author

PennyDoll

Language

EN