Under Title 12 U.S.C. § 1813(l)(1), when the purported borrower deposits or surrenders a promissory note, it is considered a cash item. In this context, a financial institution, such as Chase or other entities, are legally obligated to treat the note as a cash equivalent and issue a cash receipt acknowledging the deposit of this asset.
In California, the creation and existence of a debtor and creditor relationship are governed by Law, statutes, and/or case law. It could be the Uniform Commercial Code, United States Code, California Civil Code, or Commercial Code, and depends on the situation, parties, and their respective location(s). These relationships are fundamental to the legal and financial system, impacting contracts, secured transactions, and obligations.
The straw man/franchise/ens legis/trust/U.S. Citizen(created and defined by 14th Amendment), typically represented by your name in ALL CAPS LETTER, is […]
Part 1 (text to audio) Part 2 (text to audio) Part 3 (text to audio) In 1913 the United […]
Trinsey v. Pagliaro
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In Trinsey, the court stated that “[s]tatements of counsel in their briefs or argument while enlightening to the Court are […]