The Tender For Law

Volume 4

Nov 02, 2013 1:21 PM

Chris Evan

so....upon thinking about this more, I had this thought that Bills of Exchange were requests for loans! They are asking for NOTES! Meaning a liability. If we give Notes to them, we would, in FACT, be giving them a loan. By signing the BoE for account set off, wouldn't we be the Creditor authorizing the loan? This goes for checks as well...