A Journey Through UCC 3 - Part 4 (Covering UCC 3-4XX) - Brandon Joe Williams
摘要
TLDRThe speaker shares revelations and excitement from a legal video related to Uniform Commercial Code (UCC) articles. After watching UCC video three, which has largely influenced their strategy and viewpoint, the speaker pauses and resumes actions with clients, indicating a significant shift in approach against institutions. The speaker shares a confrontational approach with the Small Business Administration about issues related to Covid loans and collections. There is a deep dive into legal topics such as the significance of signatures, representative roles, imposters, fictitious payees, endorsements, and payment technology. Additionally, the speaker touches upon legal definitions and litmus tests regarding instruments, while expressing a sense of motivation and challenge against the legal system's complexity. Stressing the need for clarity in legal language and encouraging questioning each legal concept, the video delivers a rigorous analysis that is both passionate and intense. Various examples and speculation about legal maneuvers display a methodical yet aggressive approach toward understanding complex financial and legal interactions.
心得
- 📈 UCC video three significantly impacts the speaker's legal approach.
- 🔍 Challenges faced with the SBA over Covid loans are highlighted.
- ✍️ Importance of understanding how signatures work in legal documents.
- 🏦 Explores legal terms like imposters and fictitious payees.
- 💼 Delves into banking laws and financial transaction responsibilities.
- 🔗 Emphasizes the value of researching and understanding legal definitions.
- 📚 Highlights the complexity and potential inefficiency of the legal system.
- 🧩 Endorsement technology is crucial for processing negotiable instruments.
- ❓ Encourages questioning legal terms and understanding their impact.
- 🚂 Uses intense and confrontational tones to convey urgency and challenge.
时间轴
- 00:00:00 - 00:05:00
The speaker expresses excitement and eagerness about upcoming plans involving legal actions and hints at suing institutions. He shares a story of his interaction with the SBA regarding collections, hinting at being unfazed and prepared to counter them.
- 00:05:00 - 00:10:00
He continues to express enthusiasm about sharing information related to UCC (Uniform Commercial Code) Article 3, suggesting big developments are on the way. He hints at having some previously unannounced insights ready to share.
- 00:10:00 - 00:15:00
The speaker mentions legal actions he has taken personally, such as filing a UCC-1 financial statement, and invites viewers to check detailed information about his legal changes, web pages containing this information are discussed.
- 00:15:00 - 00:20:00
The video continues with the speaker discussing legal liabilities related to signing instruments under UCC 3-4xx. He explains the importance of understanding who is liable when someone's name or signature is involved in legal instruments.
- 00:20:00 - 00:25:00
He further elaborates on the concept of a signature, explaining its importance and how it can be made with various devices or personal marks. He breaks down legal jargon into understandable concepts and shows interest in demystifying them.
- 00:25:00 - 00:30:00
In this section, the speaker dives into the role of a representative in signing documents, touching on the legal implications and stressing understanding one's representation and liability when part of such agreements.
- 00:30:00 - 00:35:00
He discusses the complexity of liability and representation further, focusing on aspects like benefiting from UCC transactions without being directly documented. Highlighting the usage and implications of authenticating instruments is key here.
- 00:35:00 - 00:40:00
The speaker elaborates on 'fictitious payees' and 'imposters' in financial terms, exploring legal definitions and expressing dissatisfaction with how such terms are interpreted without clarity or uniformity in real-world application.
- 00:40:00 - 00:45:00
Continuing with the conversation on imposters and fictitious entities, the speaker references the online disappearance of legal resources, interpreting this as a sign of institutions being under pressure or fear due to increased public scrutiny.
- 00:45:00 - 00:50:00
The speaker shifts focus to legal obligations under the UCC, particularly around understanding the nuanced definitions and complexities involved in endorsing documents and what constitutes fully vetted transactions within this framework.
- 00:50:00 - 00:55:00
The speaker explores concepts like 'unauthorized signatures' and 'acceptance,' delving into what constitutes a legally binding agreement and how transactions are validated under these rules, presenting a mix of clarity and confusion.
- 00:55:00 - 01:00:00
There's a strong emphasis on understanding the legal implications of accepting or endorsing negotiable instruments, with hints of the speaker’s personal experiences and challenges in navigating these legal frameworks.
- 01:00:00 - 01:05:00
Exploring 'acceptance of a draft,' the speaker elaborates on sophisticated legal agreements, providing detailed scenarios and contemplating the essence of legal obligations tied to accepting financial documents.
- 01:05:00 - 01:10:00
Returning focus to personal liability versus representation, the speaker continues dissecting UCC rules on endorsements, casting light on intricate legal nuances which determine personal versus institutional accountability.
- 01:10:00 - 01:15:00
Further mentions of the potential conflict arising from lack of clear legal boundaries, focusing again on fiduciary duties and underlying principles guiding responsibility sharing in commercial exchanges are addressed.
- 01:15:00 - 01:20:00
The speaker continues, albeit with some fatigue, stressing the importance of scrutinizing legal definitions and expresses skepticism about the motivations driving unclear legislative jargon, hinting at more strategic lawsuits.
- 01:20:00 - 01:25:00
The discussion now evolves into considering warranty obligations within transfers, explaining the legal frameworks aimed at securing fair representation and protection against fraudulent or unreliable claims in financial agreements.
- 01:25:00 - 01:30:00
A philosophical aside touches on the nature of legal terms as hidden, expressing his perception of how they mask straightforward interactions under layers of complexity, labeling the process as legally occult and unnecessarily convoluted.
- 01:30:00 - 01:35:00
The conversation dives into the procedural standards under UCC that guide expectations in holding individuals accountable for breaches, focusing on ensuring insightful scrutiny rather than superficial comprehension.
- 01:35:00 - 01:40:00
Despite facing challenges in understanding these pieces of legislation, he underlines the significance of consistent inquiry and unyielding scrutiny to unravel contested legal transactions’ authentic meanings.
- 01:40:00 - 01:45:00
Concluding with reflections on the nature of legal battles, the speaker reveals insights into his strategic thought processes, emphasizing relentless pursuit of truth and understanding against perceived institutional ignorance.
- 01:45:00 - 01:54:49
The video wraps up with the speaker expressing determination to continue his journey through legal complexities, albeit fatigued, and he promises future content focusing on exploring these intricate legal landscapes further.
思维导图
常见问题
What changes occurred after watching UCC video three?
The speaker mentions it changed everything, leading to pausing work with a new client, and brought excitement about legal actions against institutions.
How did the speaker respond to the SBA about Covid loans?
The speaker requested an address to serve legal summons but was sent to collections instead.
What is discussed regarding signatures and legal documents?
The discussion covers manual and machine-made signatures, the significance of representative signatures, and different legal interpretations.
Why is there mention of fictitious payees and imposters?
To explain how legal definitions influence the handling of negotiable instruments and payments.
How does the speaker view the legal system and institutions?
The speaker seems critical of the legal system, viewing it as complicated and sometimes inefficient.
What emphasis is placed on legal understanding?
The speaker stresses the importance of questioning legal definitions and understanding endorsement technology.
What tone does the speaker use throughout the discussion?
An intense and sometimes confrontational tone, filled with legal terminology and a focus on rights.
How does the speaker deal with gaps in legal understanding?
By emphasizing research, discovery, and the idea that even legal professionals might not fully understand complex laws.
What is endorsement technology referred to as?
It's described as the technology of performance, payment, and assigning transferable rights in negotiable instruments.
What kind of legal topics does this video cover?
The video covers UCC articles, signature roles, imposters, fictitious identities, and banking responsibilities.
查看更多视频摘要
- 00:00:09damn
- 00:00:27it what's up you [ __ ] hooker
- 00:00:36woo bro video number three has got me
- 00:00:39bro video number three
- 00:00:43bro I don't know it's been like a day or
- 00:00:45two but I got to tell you
- 00:00:47guys UCC video uh three uh part three
- 00:00:52has
- 00:00:54changed
- 00:00:57everything I mean
- 00:01:00we we've we've stopped and we paused
- 00:01:02everything with the new client we
- 00:01:04started everything up again and then now
- 00:01:06we paused it
- 00:01:09again I mean dude when I show you
- 00:01:12guys what we're about to do
- 00:01:16like
- 00:01:19dude you have no
- 00:01:22idea like these institutions and [ __ ]
- 00:01:25like the people that we're going to be
- 00:01:26suing like they
- 00:01:30they they are they do not stand a chance
- 00:01:33in all
- 00:01:36hell I'm not going to say anything cuz I
- 00:01:39want I want I want you guys to see it
- 00:01:40not just hear it but but you you
- 00:01:43literally have no idea
- 00:01:49like
- 00:01:54dude the SBA started coming after me for
- 00:01:56the for the co I'm going to take this
- 00:01:57off it's too hot for the co thing the
- 00:02:01covid
- 00:02:03loans and I said oh oh dude totally I
- 00:02:06said oh I'm super excited if you guys
- 00:02:08could just give me an address I got to
- 00:02:10serve some a summons for a lawsuit would
- 00:02:12love to send that to you and they just
- 00:02:14they didn't even respond they just sent
- 00:02:15me straight to collection
- 00:02:19so I'm thrilled I'm thrilled they're
- 00:02:22going to get hit with this new
- 00:02:24system oh God they're just gonna oh you
- 00:02:26have no idea it's it's not even
- 00:02:31it's like getting hit with a train that
- 00:02:33just packed with C4 all in the front and
- 00:02:36the whole train just explodes when it
- 00:02:37hits you at like 120 miles
- 00:02:41hour I can't wait God I I was losing
- 00:02:45sleep recently past several days because
- 00:02:47I'm just laying there
- 00:02:49like so [ __ ] excited bro about just
- 00:02:51[ __ ] this [ __ ] up so good
- 00:02:57[Music]
- 00:03:00you have no
- 00:03:02idea we are in some seriously exciting
- 00:03:04times my
- 00:03:07friends anyways welcome welcome welcome
- 00:03:10welcome we have a long part to go
- 00:03:12through today I'm not sure if I'll get
- 00:03:13through all these we'll see this is UCC
- 00:03:173 uh UCC article 3 part 4 possibly 4.1
- 00:03:23or 4.5 or four slash 4 hyphen one or
- 00:03:27something we'll see
- 00:03:30let's just get rolling on this and kind
- 00:03:32of see where things go
- 00:03:35okay uh 3-41 signature we've got a
- 00:03:39person is not liable on it oh actually I
- 00:03:42wanted to show you guys
- 00:03:44something I got some stuff that I don't
- 00:03:46think you guys have ever seen stuff that
- 00:03:48I've never talked about stuff that I've
- 00:03:50never announced I've never talked about
- 00:03:51it on any shows I've never talked about
- 00:03:53it anywhere if you go to ww williamsand
- 00:03:56Williams lawfirm.com you go to the about
- 00:03:59page and you scroll down to my my about
- 00:04:01section I want to let you guys know that
- 00:04:03I have a state case that I legally
- 00:04:05changed my name from Brandon Joe
- 00:04:06Williams all caps to the upper and lower
- 00:04:08case uh link to that uh case so you can
- 00:04:12get you can you can get more information
- 00:04:13on it is here and then I also wanted to
- 00:04:15show you guys here that I put uh my
- 00:04:18trade name uh my USPTO uh information's
- 00:04:22here in case you guys are are looking at
- 00:04:23trademark in your name you can get a lot
- 00:04:25of info from my page uh this is the full
- 00:04:28USPTO breakdown of everything and you
- 00:04:31can click these breakdowns and you can
- 00:04:33see all the different things that I did
- 00:04:37in my in my case
- 00:04:40right uh that's not my address uh
- 00:04:43currently and don't call me by the way
- 00:04:46uh or email me and if you do you're
- 00:04:48going to get blocked just to let you
- 00:04:50know uh and yeah so go through here and
- 00:04:55you can see all the good stuff here and
- 00:04:57then I also when I finished uh video
- 00:05:00three I literally did not go to bed that
- 00:05:04night until I had completed filling out
- 00:05:06my first
- 00:05:08ucc3 uh or I'm sorry us to see1 and you
- 00:05:11guys are going to laugh your ass off
- 00:05:12when you read some of this it's not
- 00:05:14entirely correct like I'm probably going
- 00:05:15to do some corrections on this I just
- 00:05:17literally would not let myself sleep
- 00:05:20that night until I had filed my UCC one
- 00:05:22so you guys can go through here and take
- 00:05:24a look and kind of get a good laugh out
- 00:05:25of this uh you might find it interesting
- 00:05:28and I wanted to you guys those three
- 00:05:30links uh in the about page on
- 00:05:34WW and okay good so let's get back to
- 00:05:36this let's get rolling on this I don't
- 00:05:37want to be here all night so uh part
- 00:05:40four 3- uh uh
- 00:05:444xx signature a person is not liable on
- 00:05:47an instrument unless one the person
- 00:05:49signed the instrument or two the person
- 00:05:51is represented by an agent or
- 00:05:53representative who signed the instrument
- 00:05:55and the signature as binding on the
- 00:05:56represented person this is an
- 00:05:59interesting conversation for the El caps
- 00:06:01name because you're actually signing on
- 00:06:02behalf of the ELC Cap's name so the
- 00:06:05person is represented by an agent or
- 00:06:07representative who signed the instrument
- 00:06:09and the signature is binding on the
- 00:06:10represented
- 00:06:12person that's pretty much what you're
- 00:06:14always doing you're never really the
- 00:06:16person who signed the
- 00:06:18instrument you're the person who is
- 00:06:20represented by an agent who signed the
- 00:06:22instrument just to be clear
- 00:06:26okay a signature may be made manually or
- 00:06:29by means of a device or machine and two
- 00:06:32by the use of any name including a trade
- 00:06:34or assume name or by a word Mark or
- 00:06:38symbol executed or adopted by a person
- 00:06:40with present intention to authenticate a
- 00:06:43writing
- 00:06:45interesting so it's almost like the
- 00:06:47definition of the word signature it's
- 00:06:48it's actually a beautiful definition you
- 00:06:50know you know I'm I'm not here to poo
- 00:06:52poo on the UCC I actually think this
- 00:06:54stuff is incredible I I think that this
- 00:06:56is actually really cool um you know
- 00:06:59manually by by means of a of a device or
- 00:07:02machine and by use of any name including
- 00:07:04a trade or assume name or by a word Mark
- 00:07:07or symbol executed or adopted by a
- 00:07:10person with present intent intention to
- 00:07:13authenticate a writing
- 00:07:15so if you do some horeshit you know
- 00:07:18symbol that represents your and you
- 00:07:20think you're all freaking cool look how
- 00:07:21cool I am with my with my loopy loop L
- 00:07:24and my Loop to Loop whatever like look
- 00:07:26how cool my signature is I have the
- 00:07:28coolest signature ever and you have like
- 00:07:30one of them high-end signature Fountain
- 00:07:32pin and you go in there you're like
- 00:07:34check out how cool I am bro with my
- 00:07:36sweet signature
- 00:07:39bro well you're getting [ __ ] and
- 00:07:42you're [ __ ] uh it's okay we're all
- 00:07:46here to
- 00:07:47learn that's this
- 00:07:49one signature by representative o
- 00:07:54ooh how do they say it in the
- 00:07:57oh the [ __ ]
- 00:08:00like in the like in uh I want to say
- 00:08:03hentai but it's not s uh what is it uh
- 00:08:07anim or whatever like the [ __ ] memes
- 00:08:10with the
- 00:08:12girls so all right all right signature
- 00:08:15by representative what is this uh if a
- 00:08:18person acting or purporting to act as
- 00:08:21representative signs an instrument by
- 00:08:22signing either the name of the
- 00:08:23represented person now remember
- 00:08:26represented person basically means
- 00:08:28beneficiary
- 00:08:32remember uh remember they say
- 00:08:34represented person and fiduciary those
- 00:08:36are the two terms they use remember
- 00:08:39that you can click on this and find it
- 00:08:41it's not in this it's in it's in an
- 00:08:44actual SE section uh represented person
- 00:08:48where is it at
- 00:08:53represented well it's not even here it's
- 00:08:56it we saw it earlier it's in that area
- 00:08:58breach of fiduciary
- 00:09:02duties you should remember I remember
- 00:09:06breach where is it at notice a breach of
- 00:09:09fiduciary duties
- 00:09:103-37 remember this we got fiduciary and
- 00:09:14we got represented person fiduciary
- 00:09:16means an agent trustee partner corporate
- 00:09:18officer or director or other
- 00:09:20representative owing a fiduciary duty
- 00:09:22with respect to an instrument and then
- 00:09:23you have represented person means the
- 00:09:25principal beneficiary partnership
- 00:09:28Corporation so it's it means a little
- 00:09:30bit more than that but but for the
- 00:09:31Simplicity of this we've got basically
- 00:09:33trustee and beneficiary pretty much not
- 00:09:36not not entirely but I'm trying to keep
- 00:09:40this simple
- 00:09:42right so
- 00:09:45um uh by assigning either the name of
- 00:09:47the represented person or the name of
- 00:09:48the signer the represented person is
- 00:09:50bound by the signature to the same
- 00:09:52extent the represented person would be
- 00:09:53bound at the
- 00:09:55signature uh were on a a single a simple
- 00:09:58contract
- 00:10:00if the represented person is bound the
- 00:10:03signature of the representative is the
- 00:10:05authorized signature of the represented
- 00:10:07person and the represented person is
- 00:10:09liable on the instrument whether or not
- 00:10:10identified it in the instrument so what
- 00:10:12they're saying here is you don't know
- 00:10:15there's two parties allc Cap's name and
- 00:10:17and you is the natural person and and we
- 00:10:21we're going to get you to sign on behalf
- 00:10:23of the ELC Cap's name and then you're on
- 00:10:25the hook just as much as the ELC Cap's
- 00:10:27name is essentially
- 00:10:36if a representative signs the name of
- 00:10:37the representative to an instrument and
- 00:10:38a signature is an authorized signature
- 00:10:40represented person the following rules
- 00:10:42apply if the form of the signature shows
- 00:10:45unambiguously that the signature is made
- 00:10:47on behalf of the represented person
- 00:10:48who's identified the instrument the
- 00:10:49representative is not
- 00:10:52wait o what do we have here if a
- 00:10:56representative signs the name of the
- 00:10:59representative to an instrument and the
- 00:11:01signature is an authorized signature of
- 00:11:03the represented person the following Ro
- 00:11:04apply in the form if the form of the
- 00:11:06signature shows
- 00:11:12unambiguously that the signature is made
- 00:11:15on behalf of the representative person
- 00:11:17who has identified in the
- 00:11:18instrument the representative is not
- 00:11:21liable on the instrument oh God
- 00:11:25damn wait a second
- 00:11:33if the form of the signature shows
- 00:11:36unambiguously that the signature is made
- 00:11:38on behalf of the represented
- 00:11:41person who was identified in the
- 00:11:43instrument the represented reprentative
- 00:11:45is not liable on the
- 00:11:48instrument form of the sign
- 00:11:54show
- 00:11:56huh I'm not totally sure on this I have
- 00:11:58seen
- 00:11:59things
- 00:12:01where you have something like I've
- 00:12:04written this before many times like
- 00:12:05especially with the DMV because I hate
- 00:12:07the DMV you have
- 00:12:10by uh and then you have Brandon Joe
- 00:12:15Williams agent and
- 00:12:18then hit enter and go one line below but
- 00:12:21I can't do that here I'm just doing this
- 00:12:23to show you and then the next line below
- 00:12:26not to the right but below but I can't
- 00:12:28do that here CU if I hit enter it's
- 00:12:30going to go to a URL and then you have
- 00:12:33for colon Brandon Joe
- 00:12:37Williams
- 00:12:40principal so that's that's stating
- 00:12:43clearly that there's an there's a
- 00:12:45there's a someone signing on behalf of
- 00:12:48someone else I do that sometimes you
- 00:12:51know for sure so keep that in mind you
- 00:12:53can always do that as well these are all
- 00:12:55endorsements this is all endorsement
- 00:12:58technology everything we're learning is
- 00:12:59endorsement technology and what is
- 00:13:00endorsement technology it's the
- 00:13:02technology of
- 00:13:04performance and what is performance
- 00:13:08payment it's the technology of payment
- 00:13:12we are learning a technology what is the
- 00:13:14definition of Technology it's it's a a a
- 00:13:17bunch of things that you can do to to
- 00:13:21effectively um uh cause some sort of
- 00:13:24action or thing to take place the
- 00:13:27technology of changing oil would be step
- 00:13:30by step what actions need to take place
- 00:13:32in order to have the product of changed
- 00:13:35clean functional oil in
- 00:13:39engine so when I say
- 00:13:41technology we're learning a technology
- 00:13:45of how to uh assign transfer or redeem
- 00:13:49or give someone else the ability to
- 00:13:51assign transfer or redeem a negotiable
- 00:13:54instrument that would be the the that
- 00:13:55would be the definition of a the
- 00:13:58technology G of
- 00:14:02endorsements so so you can ask yourself
- 00:14:04am I assigning transferring or redeeming
- 00:14:08or am I giving someone else the ability
- 00:14:10to transfer assign or redeem that's
- 00:14:12that's that's it that's the whole
- 00:14:14conversation that's the whole
- 00:14:15technology okay that's all we're
- 00:14:17learning here that's all we're learning
- 00:14:20here okay this is the technology of
- 00:14:23endorsement the technology of
- 00:14:26performance the technology of
- 00:14:29payment it means all the same thing so
- 00:14:33we are learning how to do that and
- 00:14:34that's all we're doing in these videos
- 00:14:37which seems like not a lot but it's
- 00:14:38infinite money so it's kind of
- 00:14:42funny I'm not totally sure on this one
- 00:14:45but that's kind of what I get from it
- 00:14:46what I just explained to you guys let's
- 00:14:47go to the next
- 00:14:49one if the signature um the form of the
- 00:14:54signature does not show I'm going to
- 00:14:55show you guys my chest get all the girls
- 00:14:57turned on because I'm [ __ ] burning up
- 00:14:58in this thing
- 00:14:59I'm going to show my nipples too just to
- 00:15:02get you guys [ __ ] rare in go
- 00:15:07um the form of the signature does not
- 00:15:10show unambiguously that the signature is
- 00:15:12made in a representative capacity or two
- 00:15:15the represented person is not identified
- 00:15:17in the instrument the representative is
- 00:15:20liable the form of the signature does
- 00:15:23not show unambiguously that the
- 00:15:25signature is made in a representative
- 00:15:27capacity
- 00:15:30so so if you wanted to be more specific
- 00:15:33I guess representative capacity you
- 00:15:35could be like
- 00:15:37by Brandon Joe Williams comma
- 00:15:43representative which I do use this
- 00:15:44sometimes
- 00:15:46for f r this will be the line below not
- 00:15:50to the right again so meaning like I
- 00:15:54really want you guys to get this I would
- 00:15:55hit enter here and it would come down
- 00:15:57below this is how the endorsement would
- 00:16:00look by and then and then it would start
- 00:16:03here for blah BL blah but I'm just doing
- 00:16:05this because I don't I don't have any
- 00:16:07other quick way to do this for you
- 00:16:11for
- 00:16:14um plus if you guys can't figure that
- 00:16:16out you're you're you're brain dead
- 00:16:17anyway so I don't care so for Brandon
- 00:16:20Joe
- 00:16:22Williams and then that would
- 00:16:26be U let's see
- 00:16:32represented
- 00:16:35person I'm not to I mean you could even
- 00:16:38go
- 00:16:39representative and then
- 00:16:44repented
- 00:16:46person you could even do something like
- 00:16:48that
- 00:16:50representative on behalf of the
- 00:16:53represented
- 00:16:54person I mean I'm like I I'm just trying
- 00:16:57to [ __ ] you know just totally pure
- 00:17:00just like read this and understand it in
- 00:17:02the purest form so forgive me if I'm a
- 00:17:06little bit off on
- 00:17:08this
- 00:17:09[Music]
- 00:17:11um see representative capacity or two
- 00:17:16the represented person is not identified
- 00:17:18in the instrument the representative is
- 00:17:19liable on the instrument to a holder in
- 00:17:21due course that took the instrument
- 00:17:23without notice that the representative
- 00:17:25was not intended to be liable on the
- 00:17:27instrument with respect to any other
- 00:17:29person the representative is liable on
- 00:17:32the instrument unless the representative
- 00:17:34proves that the original parties did not
- 00:17:35intend the representative to be liable
- 00:17:37on the instrument okay this is cool this
- 00:17:39is really useful in in litigation this
- 00:17:41is what I do all the
- 00:17:42time um the
- 00:17:44representative uh is liable on the
- 00:17:47instrument unless the representative
- 00:17:49proves that the original parties did not
- 00:17:50intend the representative to be liable
- 00:17:52on the
- 00:17:53instrument when you clarifi the ELC
- 00:17:55Cap's name the en leges versus the
- 00:17:58natural person that's what you're doing
- 00:17:59right if a representative signs the name
- 00:18:02of the representative as drawer of a
- 00:18:04check without ident the indication of
- 00:18:07the representative status and the check
- 00:18:09is payable from an account of the
- 00:18:11represented person who is identified on
- 00:18:13the check the signer is not liable on
- 00:18:16the check if the signature is an
- 00:18:17authorized signature there so so if you
- 00:18:19have a power attorney on behalf of the
- 00:18:20ELC Cap's name and you sign on behalf of
- 00:18:22the allc caps and name you do it like
- 00:18:23this by Brandon Joe Williams
- 00:18:25representative for Brandon Joe Williams
- 00:18:27representative person uh you don't have
- 00:18:29any liability on the
- 00:18:31check that's what I get from
- 00:18:33this you know you guys thought that you
- 00:18:36know one two and three already made you
- 00:18:38into an invincible [ __ ] T2000
- 00:18:40Terminator well we're just going even
- 00:18:43farther even farther brother you guys
- 00:18:46think that you guys are are invulnerable
- 00:18:48and you guys have infinite money and
- 00:18:50everything oh we aren't even Done Yet
- 00:18:51brother this is just part four we're
- 00:18:53just getting
- 00:18:56started why do you think I'm so [ __ ]
- 00:18:58confident
- 00:19:01it just gets better and better and
- 00:19:03better and better and you're at home
- 00:19:04complaining or your friends are at home
- 00:19:05complaining about they can't pay their
- 00:19:07bills it dude it just gets better and
- 00:19:10better and better and
- 00:19:17better unauthorized signature uh
- 00:19:203-43 unless otherwise provided in this
- 00:19:23article or article four an unauthorized
- 00:19:26signature is ineffective except as the
- 00:19:28signature of an unauthorized signer in
- 00:19:31favor a person who in good faith pays
- 00:19:33the instrument or pays it for value or
- 00:19:36takes it for Value
- 00:19:37apologize uh an unauthorized signature
- 00:19:40may be ratified for all purposes if the
- 00:19:42signature of more than one person is
- 00:19:45required to constitute the authorized
- 00:19:47signature of an organization the
- 00:19:49signature of the organization is
- 00:19:52unauthorized if one of the required
- 00:19:54signatures is lacking
- 00:20:00okay the Civil or criminal penalty
- 00:20:03liability of a person who makes an
- 00:20:04unauthorized signature is not affected
- 00:20:06by I don't this just seems
- 00:20:08like unauthorized signature so if you
- 00:20:11don't have a power attorney or like
- 00:20:13there's some reason why you're not able
- 00:20:14to pay uh sign on behalf of somebody
- 00:20:17then things happen we're just going to
- 00:20:19speed through this I don't want to I'd
- 00:20:21rather not break this up into two
- 00:20:23sections for tic for section four so
- 00:20:26we're just going to speed through this a
- 00:20:27little bit more speed on this okay
- 00:20:28imposters fictitious
- 00:20:31payes pay is the person that the
- 00:20:34proceeds are supposed to go to if an
- 00:20:36impostor by use of the males or
- 00:20:38otherwise uh induces the issuer of an
- 00:20:41instrument to issue the instrument to
- 00:20:43the
- 00:20:44impostor or to the person acting in
- 00:20:46concert with the impostor by
- 00:20:47impersonating the paye of the instrument
- 00:20:49or a person authorized to act for the
- 00:20:52paye an endorsement of the instrument by
- 00:20:54any person in the name of the pay is
- 00:20:56effective as the endorsement of the paye
- 00:20:59in favor of the person who in good faith
- 00:21:02pays the
- 00:21:04instrument I mean they're pretty much
- 00:21:06doing this to you because they use the
- 00:21:07all caps name and stuff like that it's
- 00:21:08like an impostor or fictitious pay right
- 00:21:12uh to some degree sort of uh a person
- 00:21:14whose intent determines to whom an
- 00:21:16instrument is
- 00:21:18payable um the person identified as pay
- 00:21:21of the instrument is fictitious
- 00:21:24person I mean I don't even know what is
- 00:21:28a a
- 00:21:31fictitious
- 00:21:33ficticious
- 00:21:36person nonexistent people who like
- 00:21:40unlike fictional characters have been
- 00:21:42claimed to actually
- 00:21:45exist that's a tough that's a tough
- 00:21:49thing a legal entity or artificial
- 00:21:52person
- 00:22:02yeah this is a bit this is a bit of a
- 00:22:03difficult one
- 00:22:23because of imposter
- 00:22:30okay not sure if you guys noticed but
- 00:22:33like over the past like five
- 00:22:35days thelaw dictionary. org if you click
- 00:22:40on it it's
- 00:22:41completely [ __ ]
- 00:22:43gone like the entire website has been
- 00:22:47deleted off of the face of the
- 00:22:49Earth which to me is [ __ ] hilarious
- 00:22:54the bar cards are nervous bro they're
- 00:22:57pissings piss thems bro but check it out
- 00:23:01if you go to Google it's got everything
- 00:23:03on a c on a cash or saved or whatever
- 00:23:05because it'll still pull up a lot of the
- 00:23:08definitions and stuff even though that
- 00:23:10if you click on it it's 404
- 00:23:14bro the pickle is stiff bro the pickle
- 00:23:18is stiff
- 00:23:21okay um too many people brusy too many
- 00:23:26people looking up too many words too
- 00:23:29easy on Google got to you know I'm not
- 00:23:32much for you know oh Shadow bands and oh
- 00:23:35this and oh that cuz like I don't ever
- 00:23:36experienc any of that [ __ ] um I think a
- 00:23:39lot of people use that as a way to sort
- 00:23:41of rally the troops quote unquote but
- 00:23:44I'll tell you what this this is this is
- 00:23:48interesting this is interesting if we go
- 00:23:51to the Wayback
- 00:23:54machine uh and we go
- 00:23:56to uh the law dictionary. org thelaw
- 00:24:03dictionary. org and we take a little
- 00:24:06Peak
- 00:24:08peoni uh it looks like the Law
- 00:24:10Dictionary has been around with us since
- 00:24:132012 and if we go
- 00:24:18to let's see June
- 00:24:212nd what do we
- 00:24:23got was it around on June 2nd
- 00:24:30yes it
- 00:24:32was we got blacks
- 00:24:35law enter a legal term to start your
- 00:24:38search disclaimer pop legal
- 00:24:43terms
- 00:24:46um what's the word we're looking up
- 00:24:48right now uh legal definition of
- 00:24:50impostor let's see what happens
- 00:25:01pretty interesting pretty
- 00:25:05interesting it was
- 00:25:08here for over 10 years and then now all
- 00:25:11of a sudden recently I mean whatever I
- 00:25:13mean you know there could be real
- 00:25:14Reasons I'm not saying I have evidence
- 00:25:16to prove the fact that it's but I'm
- 00:25:18telling you it's just a fascinating
- 00:25:20fascinating
- 00:25:22[Music]
- 00:25:23situation fash
- 00:25:33fictitious person now you think yourself
- 00:25:36like oh it's a fake ass [ __ ] that
- 00:25:37doesn't exist blah BL blah no no it's a
- 00:25:40legal entity or artificial person such
- 00:25:42as a
- 00:25:47corporation oh my God so impostor is
- 00:25:51interesting fictitious
- 00:25:53payes so fictitious payes means that the
- 00:25:57the payment is to to a corporation or or
- 00:26:00trust or estate or partnership or
- 00:26:05company
- 00:26:07okay impostor I don't know I don't know
- 00:26:09what that it appears to mean what you
- 00:26:12think it means and I look it up and it
- 00:26:14appears to look like it is what you
- 00:26:16think it is
- 00:26:20but a person whose intent determines to
- 00:26:24whom an instrument is payable um does
- 00:26:26not intend the person identif ified as
- 00:26:28pay to have any interest in the
- 00:26:30instrument person identified as pay of
- 00:26:32the instrument is a fictitious person
- 00:26:35um the following rules apply until the
- 00:26:38instrument is negotiated by special
- 00:26:40endorsement interesting okay any person
- 00:26:43in possession of the instrument is its
- 00:26:45holder
- 00:26:47okay an in an endorsement by any person
- 00:26:50in the name of the paye stated in the
- 00:26:52instrument is effective as the
- 00:26:53endorsement of the paye in favor of a
- 00:26:55person who in good faith pays the
- 00:26:57instrument or takes it for for value or
- 00:26:59for
- 00:27:01collection it's
- 00:27:10interesting the El Cap's name is a
- 00:27:12fictitious person so it's just an
- 00:27:15interesting conversation
- 00:27:23here an endorsement is made under uh in
- 00:27:27the name of the PE if it is made in a
- 00:27:29name substantially similar to that of oh
- 00:27:32my
- 00:27:33God are you seeing this an endorsement
- 00:27:35is made in the name of a p if it is made
- 00:27:39in a name substantially similar to that
- 00:27:41of the PE oh my
- 00:27:45God bro th this is
- 00:27:48just this is
- 00:27:52just I don't even I can't even bro how
- 00:27:55do you even
- 00:28:00that's the LC Cap's name that's the
- 00:28:02that's the lower uppercase name and the
- 00:28:04LC Cap's
- 00:28:09name two the instrument whether or not
- 00:28:13Endor is deposited in depository Banker
- 00:28:15account in a name substantially similar
- 00:28:17to that of the
- 00:28:20paye
- 00:28:23my oh look at that they've got their own
- 00:28:25little insurance policy between the the
- 00:28:28the upper and lower case name and the
- 00:28:30ELC caps name wow congratulations boys
- 00:28:32you guys thought of everything this is
- 00:28:34brilliant look at
- 00:28:36[Music]
- 00:28:38this oh my
- 00:28:44God so they're saying a fictitious name
- 00:28:47and impostor and all this but then
- 00:28:48they've got their little the little
- 00:28:49insurance policy right
- 00:28:52here oh no if the names sound the same
- 00:28:54they look the same and that you know
- 00:28:55they're a little bit different oh
- 00:28:56they're the same thing and it's all good
- 00:28:58it's all good brother it's all
- 00:29:01good with respect to an instrument uh to
- 00:29:04which subsection A or B applies of a
- 00:29:06person applying uh a person paying the
- 00:29:09instrument which means performance I'm
- 00:29:10going to keep saying it if if a person
- 00:29:13paying the instrument or taking it for
- 00:29:15value or collection fails to exercise
- 00:29:17ordinary care in the paying or taking of
- 00:29:20the instrument and that failure
- 00:29:21substantially contributes the loss blah
- 00:29:23blah blah the person bearing the loss
- 00:29:25May recover from the person failing to
- 00:29:27ex exercise ordinary care to the extent
- 00:29:29of the okay fine what's ordinary care
- 00:29:35mean observance of reasonable commercial
- 00:29:37standards prevailing in the area where
- 00:29:39the person is
- 00:29:40located with respect to the business in
- 00:29:43which the person is engaged in the case
- 00:29:46of a bank that takes an instrument for
- 00:29:48processing or collection or payment by
- 00:29:51automated means reasonable commercial
- 00:29:53standards do not require the bank to
- 00:29:54examine the instrument okay fine
- 00:29:57whatever just typical horseshit
- 00:30:00okay I'm not sure all about this you can
- 00:30:02look at it for yourself we're going to
- 00:30:04start speeding through this like I said
- 00:30:05employer's respons oh employer's
- 00:30:08responsibility for fraudulent
- 00:30:09endorsement by employee what the [ __ ] in
- 00:30:13this section employee means an
- 00:30:15independent contractor and employee
- 00:30:19wow nothing irritates me more bro if I'm
- 00:30:22at a court of law and I ask the
- 00:30:24definition of a word and they use that
- 00:30:26word in the definition of the word I am
- 00:30:29literally going to go [ __ ]
- 00:30:35ballistic I am going to make that courts
- 00:30:39life a living hell they're going to wish
- 00:30:43they were
- 00:30:45dead I'm
- 00:30:48serious you don't ever that is that is
- 00:30:51that is the that is rule number one in
- 00:30:56my book if you ever use the word that I
- 00:31:02am asking you for the definition in the
- 00:31:06definition I am going to lock on to you
- 00:31:10and I am going to make your entire blood
- 00:31:14lineage
- 00:31:16pay that sounds very vindictive and very
- 00:31:19vengeful and I'm not a vengeful person
- 00:31:21and I don't stand for violence I'm a
- 00:31:23peaceful man but I'm telling you that's
- 00:31:25going to piss me off
- 00:31:32employee includes an independent
- 00:31:34contractor and
- 00:31:41employe if if this was a simple
- 00:31:43conversation and I just wanted to know
- 00:31:44the definition of employee if I saw this
- 00:31:47now I'm going to discipline you we are
- 00:31:49going to talk about this so incessant
- 00:31:52and for so long and I'm going to ask you
- 00:31:54so many questions literally just to
- 00:31:56spite you
- 00:32:00if you would just give me the definition
- 00:32:02I wouldn't do that I'd move
- 00:32:08on of an independent contractor retained
- 00:32:11by the employer I don't know it doesn't
- 00:32:14tell
- 00:32:15you this is you you guys think this is
- 00:32:18terrible oh this is a terrible
- 00:32:19definition and oh that just means it oh
- 00:32:21no this is
- 00:32:23perfect because now you're going to ask
- 00:32:25500,000
- 00:32:29questions and it's going to take six
- 00:32:33weeks to get through this
- 00:32:37definition that's what it
- 00:32:40means it means that the the bar card on
- 00:32:42the other end of the table his his
- 00:32:44client is about ready to pay his bar
- 00:32:45card
- 00:32:50$39,000 in
- 00:32:52work cuz you're going to drag them both
- 00:32:56through the mud for 6 weeks trying to
- 00:32:58figure out what this means because as
- 00:33:01far as you're concerned this is
- 00:33:02fraud using a word inside of the
- 00:33:05definition of the word is
- 00:33:08fraud that's how you handle the
- 00:33:14situation number two fraudulent
- 00:33:17endorsement means one in the case of an
- 00:33:21endorsement payable to the employer a
- 00:33:23forg endorsement purporting to be that
- 00:33:25of the employer or two in the case of an
- 00:33:29instrument with respect to the employer
- 00:33:30is the issuer a forg endorsement
- 00:33:32purporting to be that of the person okay
- 00:33:34identifi as pay so that just means like
- 00:33:37it means what it says it means pretty
- 00:33:38much
- 00:33:40responsibility it's got to be this long
- 00:33:42convolute thing so so so with respect to
- 00:33:44instruments it means authority
- 00:33:46to sign or endorse instruments on behalf
- 00:33:49of the
- 00:33:50employer to process instruments received
- 00:33:53by the employer for bookkeeping
- 00:33:56purposes for deposit to an account or to
- 00:33:58other disposition to prepare or process
- 00:34:02instruments for issue in the name of the
- 00:34:04employer to supply information
- 00:34:06determining the names or addresses of
- 00:34:08payes or instruments to be issued in the
- 00:34:10name of the employer to control the
- 00:34:12disposition of instruments to be issued
- 00:34:15in the name of the employer or to act
- 00:34:18with respect to instruments in a
- 00:34:20reasonable in a responsible capacity
- 00:34:23responsibility does not include
- 00:34:25Authority which merely allows an
- 00:34:28employee to have access to instruments
- 00:34:31or blank or incomplete
- 00:34:35instruments or incomplete instrument
- 00:34:38forms incomplete
- 00:34:42oh 3
- 00:34:46d115 means assigned writing whether or
- 00:34:49not issued by the
- 00:34:50signer contents of which okay so so an
- 00:34:55unissued which may be signed or or un
- 00:34:57fine
- 00:35:02okay for the purpose of determining the
- 00:35:05rights and liabilities of a person who
- 00:35:06in good faith pays an instrument or
- 00:35:08takes it for value or collection or for
- 00:35:11collection if an If an employer
- 00:35:13interested an employee with a
- 00:35:15responsibility with respect to the
- 00:35:17instrument and the employee or person
- 00:35:19acting in concert with the employee
- 00:35:21makes a fraudulent endorsement of the
- 00:35:23instrument the the endorsement is
- 00:35:26effective
- 00:35:28as the endorsement of the person to whom
- 00:35:30the
- 00:35:35okay so it's just talking about like if
- 00:35:37you if you if you endorse something on
- 00:35:39behalf of someone else like does it get
- 00:35:41issued was that endorsement approved was
- 00:35:45it disapproved was it approved to be on
- 00:35:47there but was never approved to be
- 00:35:49issued like we're getting
- 00:35:51into more banking almost at this point I
- 00:35:55don't really know I'm trying to think of
- 00:35:56like examples of where these kinds of
- 00:35:58situations would be applicable I don't
- 00:35:59really know you know you have a bank and
- 00:36:02they the guy says yeah you can put the
- 00:36:04endorsement on there but don't issue it
- 00:36:06yet and then they issue it or vice versa
- 00:36:09or something it's like a it's just
- 00:36:11getting into the weeds in terms of that
- 00:36:14whole that whole subject okay
- 00:36:17so uh an endorsement is made in the name
- 00:36:20of the person to whom the instrument is
- 00:36:21payable if it's made under a name
- 00:36:23similar to the name of that person the
- 00:36:25instrument whether or not endorses
- 00:36:26deposit
- 00:36:28okay fine so that just has to do with
- 00:36:30what it says employer employer
- 00:36:33responsibility for fraudulent
- 00:36:34endorsement by an employee it's kind of
- 00:36:36more
- 00:36:38specific it's more of a it's more of
- 00:36:40like an in the weeds kind of a situation
- 00:36:42we're not going to get into that too
- 00:36:44much you can read that negligence
- 00:36:46contributing to Ford signature or
- 00:36:48alteration of the
- 00:36:51instrument again we're kind of off into
- 00:36:53the weeds here let's see what we
- 00:36:55got uh a person who's failed to exercise
- 00:36:58ordinary care substantially contributes
- 00:37:00to an alteration of an instrument or to
- 00:37:02the making of a forge signature on an
- 00:37:03instrument is precluded from
- 00:37:06asserting the alteration of the forgery
- 00:37:09against a person who in good
- 00:37:11faith so so what I get from this is if
- 00:37:14you're really sloppy and a dumbass if
- 00:37:17some [ __ ] goes down and you're like
- 00:37:18really really [ __ ] and sloppy then
- 00:37:21like maybe possibly like the instrument
- 00:37:22could still be negotiated something like
- 00:37:24that that's what I get from this but I'm
- 00:37:25not going to I'm not going to dig into
- 00:37:28every word here this is
- 00:37:29not major major 101 for us this is a
- 00:37:32little bit more
- 00:37:35specific the person is suiting asserting
- 00:37:37the uh the preclusion fails to exercise
- 00:37:39ordinary care and paying or taking the
- 00:37:41instrument and that failure
- 00:37:43substantially contributes to the loss
- 00:37:45the loss is allocated between the person
- 00:37:47precluded and the person yeah so it's
- 00:37:48just like we're spreading out the loss
- 00:37:50because you're a dumbass
- 00:37:52okay the burden of proving failure to
- 00:37:55exercise ordinary care and the person
- 00:37:57blah blah okay anyways this is this is
- 00:37:59not anything that most of my people are
- 00:38:01going to need to deal with so 3- 407
- 00:38:07alteration an unauthorized charge in an
- 00:38:09instrument that purports to modify in
- 00:38:12any respect the obligation of a party to
- 00:38:15an unauthorized addition of words or
- 00:38:18numbers or other change to an incomplete
- 00:38:21instrument relating to the obligation of
- 00:38:23a party an alteration frequently made
- 00:38:28discharges a party whose obligation is
- 00:38:31affected by the alteration unless the
- 00:38:33party asense or is precluded from
- 00:38:36asserting the alteration no other
- 00:38:40alteration discharges a party and the
- 00:38:42instrument may be enforced according to
- 00:38:44its original terms okay fine this is not
- 00:38:48really what we're trying to look for in
- 00:38:50this videos a payer bank or Draw e
- 00:38:54paying a fraudulently altered instrument
- 00:38:57or a person taking it for Value in good
- 00:38:59faith and without notice of the
- 00:39:00alteration May enforce rights with
- 00:39:02respect to the instrument
- 00:39:05okay okay this is a little bit
- 00:39:08interesting but but overall this is not
- 00:39:11really anything that we're going to need
- 00:39:12to deal with so we're going to skip over
- 00:39:16that
- 00:39:183-48 draw e not liable on unaccepted
- 00:39:22draft a check or other draft does not of
- 00:39:26itself operate r as an assignment of
- 00:39:28funds in the hands of the draw e
- 00:39:30available for its payment and the draw e
- 00:39:32is not
- 00:39:33liable on the instrument until the draw
- 00:39:36e accepts
- 00:39:42it acceptance is defined as delivery so
- 00:39:45let's let's just see where this goes
- 00:39:47let's see where this goes here we go
- 00:39:49acceptance of draft let's let's see if
- 00:39:51we're let's see if we're getting there
- 00:39:53it looks like they're building it up
- 00:39:54they're building it out here we go
- 00:39:58acceptance of draft C certified check uh
- 00:40:01acceptance means the draw ease signed
- 00:40:04agreement to pay a draft as
- 00:40:07presented it must be written on the
- 00:40:10draft and may consist of the draw e
- 00:40:13signature alone what's the draw e again
- 00:40:15let's just real
- 00:40:18quick the draw e is the person ordered
- 00:40:21in a draft to make payment so [ __ ] you
- 00:40:24pay this by this day Okay so so
- 00:40:27acceptance means
- 00:40:32the H
- 00:40:49interesting okay
- 00:40:55okay um so a
- 00:40:59signature interesting okay
- 00:41:22so acceptance means the draw e signed
- 00:41:26agreement to pay a draft as
- 00:41:29presented it must be written on the
- 00:41:32draft and may consist of the draw e
- 00:41:36signature
- 00:41:40alone acceptance may be made at any time
- 00:41:43and becomes effective when the
- 00:41:45notification pursuant to
- 00:41:48instructions is
- 00:41:52given or the accepted draft is delivered
- 00:41:56that's the what we're looking for
- 00:41:58for the purpose of giving rights on the
- 00:42:01acceptance to any
- 00:42:12person we're getting we're getting into
- 00:42:14some really good stuff here this is this
- 00:42:16is the this is the meat and potatoes
- 00:42:18right here this we need to we need to
- 00:42:20focus on this you see you see me
- 00:42:22skipping a lot of [ __ ] this here we are
- 00:42:25not going to skip this this is extremely
- 00:42:27important for everything we're doing so
- 00:42:30a draft may be accepted although it has
- 00:42:34not been
- 00:42:36signed by the
- 00:42:38drawer is otherwise incomplete is
- 00:42:41overdue or has been
- 00:42:44Dishonored if a draft is payable at a
- 00:42:47fixed after sign and the acceptor fails
- 00:42:50to date the acceptance the
- 00:42:53holder um
- 00:42:59certified check just
- 00:43:01means we already went out of that
- 00:43:02earlier as far as I'm concerned it means
- 00:43:04a check that has a medallion signature
- 00:43:07guarantee on
- 00:43:08it so let's see here acceptance means
- 00:43:13the draw e signed agreement to pay a
- 00:43:17draft as
- 00:43:24presented so if you already have a let's
- 00:43:26say you have a credit card and you have
- 00:43:27an agreement at the beginning of the
- 00:43:28credit card and and the agreement says a
- 00:43:30promise to
- 00:43:34pay that would be the signed agreement
- 00:43:36to pay a draft as presented and then
- 00:43:38from
- 00:43:41there it must be written and it can be
- 00:43:44accepted even though it has not been
- 00:43:46signed by the drawer which means the
- 00:43:48person who signed to make
- 00:43:51it the person ordering payment yeah
- 00:44:00acceptance means the draw EAS signed
- 00:44:04agreement to pay a draft as presented it
- 00:44:08must be written on the
- 00:44:23draft signature
- 00:44:27let's go back to that what is
- 00:44:30[Music]
- 00:44:41signature a person is not liable on an
- 00:44:43instrument unless the person signed the
- 00:44:45instrument BL so what a signature it
- 00:44:48maybe made it's the definition is made
- 00:44:51manually or by means of a device or a
- 00:44:53machine and by use of any name including
- 00:44:56a trade or assume name name or by a word
- 00:44:59Mark or symbol executed or adopted by a
- 00:45:02person with present intention to
- 00:45:05authenticate a
- 00:45:08writing this is pretty much the
- 00:45:10definition of signature right
- 00:45:13here any assume name trade name word
- 00:45:18Mark or symbol
- 00:45:21executed by a person with the intention
- 00:45:25to authenticate a
- 00:45:31writing
- 00:45:33so means a draw
- 00:45:37ease signed
- 00:45:40agreement to pay a draft as presented
- 00:45:43so so so in the case of a credit card
- 00:45:46this would be like the sign the signed
- 00:45:49agreement prior to all the transactions
- 00:45:52when you first first signed up
- 00:45:57it must be written on the
- 00:45:59draft and may consist of the draw e
- 00:46:02signature
- 00:46:05alone draw signature
- 00:46:08alone so this is what you see on the
- 00:46:11credit card transactions if you go to a
- 00:46:14restaurant they're going to have you
- 00:46:15sign the promisory note so that's the
- 00:46:19that's the that's the draw e signature
- 00:46:21alone accept any time becomes
- 00:46:25effective when notification pursuant to
- 00:46:28instructions is
- 00:46:29[Music]
- 00:46:33given so is that why like it says in
- 00:46:36the credit card member agreement that
- 00:46:40like whether you sign it or not it
- 00:46:42doesn't matter it's still like a binding
- 00:46:44thing because acceptance may be made at
- 00:46:46any time and becomes effective when
- 00:46:48notification pursuant to instructions is
- 00:46:51given or when it's delivered
- 00:46:59if you look in the card member agreement
- 00:47:00it says like you you promised to pay for
- 00:47:03the transactions even if you didn't sign
- 00:47:04for them or even if they nobody signed
- 00:47:06for them and blah blah blah BL blah so
- 00:47:08I'm just trying to think like that
- 00:47:09that's kind of what this is here that
- 00:47:10we're looking at
- 00:47:13acceptance there was a previous signed
- 00:47:15agreement to pay the directors presented
- 00:47:17and then and then at that
- 00:47:21point it can happen whether or not you
- 00:47:23did or not or something um
- 00:47:31I'm gonna I'm going to change out of
- 00:47:32this outfit I'm burning up I'm dying so
- 00:47:34just give me a minute you guys can look
- 00:47:35at this uh and and we'll I'll come back
- 00:47:39in just a minute this is important this
- 00:47:40is really important we can't just skip
- 00:47:42over this so we got to figure this out
- 00:47:44let me give me just a
- 00:47:55moment
- 00:48:25for for
- 00:49:03okay that thing is hot that thing is
- 00:49:06like Beyond Hot that thing is like that
- 00:49:09thing is like
- 00:49:12siberian woo that thing is hot bro okay
- 00:49:16so okay
- 00:49:29acceptance means the draw e signed
- 00:49:31agreement to pay a draft as
- 00:49:35presented that's kind of like beforehand
- 00:49:37it's a
- 00:49:39beginning like a credit card agreement
- 00:49:41okay it must be written on the draft and
- 00:49:44consist of the draw e signature
- 00:49:50alone sentence may be made at any
- 00:49:53time and becomes effective when
- 00:49:55notification pursuing two
- 00:49:58instructions is given or the accepted
- 00:50:01draft is
- 00:50:12delivered if you guys see this is
- 00:50:14interesting if you guys see this look if
- 00:50:17you go to the bill of exchange
- 00:50:19act you'll see acceptance means an
- 00:50:21acceptance completed by delivery or
- 00:50:24notification and you see those words
- 00:50:26here
- 00:50:28you see the word
- 00:50:29delivery you see the word notification
- 00:50:32and you see the word
- 00:50:35delivery so so we're looking at we're
- 00:50:38looking at old [ __ ] man I'm telling you
- 00:50:41you guys think this is all going to
- 00:50:42change and they're just going to they're
- 00:50:44just going to shift everything and we're
- 00:50:45not going to be able to no
- 00:50:51no it's old [ __ ] bro you're looking at a
- 00:50:55this is a philosophy study this this is
- 00:50:56a study of history this is old old old
- 00:50:59as
- 00:51:01[ __ ] and if you think it goes back only
- 00:51:04as far as the bill of exchange Act of
- 00:51:051882 I don't know it could go back even
- 00:51:08to to 1600s or for I have no idea I'm
- 00:51:12just showing you guys they've plugged
- 00:51:15everything in this is not just them
- 00:51:17making up [ __ ] this is like every aspect
- 00:51:21of our history has been carefully
- 00:51:22plugged into these codes okay
- 00:51:27you're you're the only one that's been
- 00:51:29left out of the loop you you and me
- 00:51:32okay
- 00:51:35so they they aren't just making this
- 00:51:37[ __ ] up and coming out of nowhere and
- 00:51:39pulling it out of their ass this is old
- 00:51:40bro old old old old old old old I had
- 00:51:43was on a show a couple days ago they go
- 00:51:45was like oh this is Babylon this is as
- 00:51:46old as Babylon yeah well probably is
- 00:51:52okay you know if we had real money and
- 00:51:55gold and silver coins and we had
- 00:51:56negotiable instruments and it wasn't the
- 00:51:58primary means of trans of of of
- 00:52:00exchange you had to think all this
- 00:52:02information would make
- 00:52:05sense you wouldn't have any problem with
- 00:52:07with all this information if only you
- 00:52:10know a small percentage and and this and
- 00:52:12that and it wasn't everything and it was
- 00:52:13just there was gold and silver coins and
- 00:52:15then some people decided they wanted to
- 00:52:16go into all this
- 00:52:17goofiness all this information applies
- 00:52:20to
- 00:52:22that the problem is is that because
- 00:52:24everything is a negotiable instrument
- 00:52:26everywhere every goddamn thing
- 00:52:29everything that's why this has become
- 00:52:31such an
- 00:52:32issue
- 00:52:36okay I'm having a bit of a hard time
- 00:52:38really totally getting this one I'm
- 00:52:40telling you this is really really
- 00:52:41important so I'm just I'm going to try
- 00:52:43one more time and then and then we're
- 00:52:45going to move on acceptance of draft
- 00:52:47certified
- 00:52:48check acceptance means the draw e signed
- 00:52:51agreement to pay a draft as presented
- 00:52:54okay draft means
- 00:53:01well draft means the same as the bill of
- 00:53:02exchange I don't see it here let's see
- 00:53:05yeah it's it's a note an instrument is a
- 00:53:08note if it is a promise and it's a draft
- 00:53:10if it's an order yeah so it's a bill of
- 00:53:12exchange okay fine
- 00:53:14easy easy
- 00:53:16peasy
- 00:53:22um means a draw e signed agreement to
- 00:53:25pay a draft as presented it must be
- 00:53:29written on the
- 00:53:31draft and may
- 00:53:33consist and may
- 00:53:36consist okay
- 00:53:39may consist of the draw e signature
- 00:53:42alone
- 00:53:44okay so let's just skip that because May
- 00:53:48kind of puts a possibility acceptance
- 00:53:52may be made at any time and becomes
- 00:53:56effective when
- 00:53:58notification pursuant to instructions is
- 00:54:01given or the accepted draft is delivered
- 00:54:05for the purpose of giving rights on the
- 00:54:08acceptance to any
- 00:54:10person so it's sort of like when you
- 00:54:13when you send someone when you when you
- 00:54:14tender and then and then you deliver the
- 00:54:17instrument you're giving them the
- 00:54:19rights to enforce the instrument right
- 00:54:23they become the holder whoever you send
- 00:54:24it to you're not the holder anymore
- 00:54:26you've given that away to somebody
- 00:54:28else
- 00:54:39so a draft may be accepted although it
- 00:54:43has not been signed by the draw is
- 00:54:46otherwise incomplete is overdue or has
- 00:54:48been Dishonored
- 00:55:00as long as there's a previous agreement
- 00:55:02that you guys are going to be sending
- 00:55:03[ __ ] back to each other um I feel like
- 00:55:06it's still the original definition that
- 00:55:08I always talk about which is just
- 00:55:10delivered acceptance is delivered but
- 00:55:13according to this I feel like it's a
- 00:55:14little bit different because it has to
- 00:55:15have some previous
- 00:55:23agreement I could be wrong on this
- 00:55:25though
- 00:55:26this is very important but I'm just I'm
- 00:55:28just having a hard time navigating this
- 00:55:32okay now the thing is is that you can
- 00:55:34have all the hard time navigating this
- 00:55:35that you want if I if I have a hard time
- 00:55:37navigating this bring it up in Discovery
- 00:55:40and a lawsuit and let's talk about it
- 00:55:41for six
- 00:55:42months no big deal we'll figure it all
- 00:55:46out if you think I don't get it I know
- 00:55:49for a fact they don't get it um nobody
- 00:55:52gets
- 00:55:53it so we're going to talk about 3- 409
- 00:55:57if they say oh no we didn't accept oh
- 00:55:59dude no problem bro no problem let's
- 00:56:02talk about this for [ __ ] two months
- 00:56:04not an issue at
- 00:56:08all let's study the
- 00:56:10entire
- 00:56:12history of every [ __ ] word in
- 00:56:17this or or let's you
- 00:56:21know let's go and say what is is the equ
- 00:56:29equivalent I don't know how to spell it
- 00:56:31so [ __ ] me of
- 00:56:35U 3- 49 in
- 00:56:39California state
- 00:56:43law let's see what comes
- 00:56:52up California Financial code
- 00:57:04let's um let's ask let's ask
- 00:57:09AI chat GPT is probably going to be
- 00:57:12better at this but I'm going to ask um I
- 00:57:14don't have access to that I don't really
- 00:57:16care that much I'm going to ask meta AI
- 00:57:19what is
- 00:57:22the
- 00:57:24California state
- 00:57:32equiv
- 00:57:34alent of
- 00:57:37ucc3
- 00:57:52d49 California Commercial Code Section
- 00:57:55341 9 is what I've been told here let's
- 00:57:59take a look and see if that's correct
- 00:58:00California Commercial Code section
- 00:58:043419
- 00:58:06California
- 00:58:08Commercial
- 00:58:10Code Commercial Code section
- 00:58:203419
- 00:58:22interesting interesting it looks like it
- 00:58:25it did it it does look pretty liability
- 00:58:28of part parties we have sections 341
- 00:58:31through
- 00:58:333420 um is this what we were looking for
- 00:58:37no that does not look like what we're
- 00:58:39looking for um we're looking for
- 00:58:443419
- 00:58:46um but this is a great example like I
- 00:58:49told you at the beginning of this little
- 00:58:50mini course people will tell
- 00:58:54you California doesn't have you see
- 00:58:58see [ __ ] it's all there okay I'm
- 00:59:03talking about without recourse look at
- 00:59:05this okay it's
- 00:59:07it's it's all
- 00:59:09here and actually if you can't figure it
- 00:59:11out in the in the federal it's actually
- 00:59:13good to look on the state because
- 00:59:14because it might be worded in a
- 00:59:16different way where you can actually
- 00:59:17understand it okay this is great this
- 00:59:19gives you one more opportunity to try to
- 00:59:21understand this stuff
- 00:59:24okay so let's see we got
- 00:59:28um California Commercial Code
- 00:59:323419 if an instrument is issued for
- 00:59:36value given for the benefit of a party
- 00:59:39to the instrument accommodated party and
- 00:59:41another party to the instrument
- 00:59:43accommodation party signs the instrument
- 00:59:44for the purpose of incurring
- 00:59:47liability
- 00:59:50um let's see
- 00:59:56oh look got a bunch of definitions here
- 00:59:58that's cool what's what's the definition
- 01:00:00of
- 01:00:02recourse I saw recourse
- 01:00:07here an arrangement in which a bank
- 01:00:10retains in form or in substance any
- 01:00:12credit risk or indirectly associated
- 01:00:15with an asset it is
- 01:00:18sold
- 01:00:20interesting interesting
- 01:00:45all right I'm not toou sure on this I'm
- 01:00:46not going
- 01:00:47to go into this any further
- 01:00:51um but I I can tell you this is
- 01:00:53important this is very very important
- 01:00:55we've gone into this
- 01:00:56some I recommend that if you would like
- 01:01:00to uh dig into something you know a lot
- 01:01:02of the stuff I'm like we don't need this
- 01:01:05this this is this is this is the heart
- 01:01:07of
- 01:01:09everything if you if you want to spend
- 01:01:11some time going down this rabbit hole
- 01:01:13and figure out acceptance and figure out
- 01:01:15state acceptance and certified check and
- 01:01:18and what all this means and and really
- 01:01:20really dig down
- 01:01:21this I'm telling you right now 3- 49
- 01:01:24this is a very very lucrative Rabbit
- 01:01:27Hole I can tell I can definitely tell
- 01:01:30you this is this is
- 01:01:32important I'm not going to spend any
- 01:01:33more time on this um I'm not sure where
- 01:01:36to even go on this uh I'm going to need
- 01:01:39to put this in the God knows but but
- 01:01:43highly highly
- 01:01:46highly highly important
- 01:01:49bin and whenever this figures itself out
- 01:01:53I'll be sure to let you guys know but
- 01:01:55this is this is is going in the top
- 01:01:56tippy top priority bin of I don't knows
- 01:02:00but but as soon as I do this is it this
- 01:02:03is hot hot hot hot so check your state
- 01:02:07maybe it has some really cool really
- 01:02:09simple language that clarifies this and
- 01:02:11it'll just bust this whole thing wide
- 01:02:16open signature by
- 01:02:20representative uh someone signing on
- 01:02:22behalf uh you're bound as if you are or
- 01:02:26or would be if the signature was on a
- 01:02:28simple
- 01:02:29contract wait did I did I oh no no we've
- 01:02:34already gone past this I was going to
- 01:02:35say I'm like already
- 01:02:37tired um let's
- 01:02:41see we're here acceptance varying
- 01:02:46draft the terms of a draw e acceptance
- 01:02:50vary from the terms of the draft is
- 01:02:52presented the holder May refuse the
- 01:02:54acceptance and treat the draft as de
- 01:03:04honored okay I think this is kind of
- 01:03:06like what they're trying to do all the
- 01:03:07time but that's not really going to
- 01:03:09work um the terms of the draft are not
- 01:03:12varied by an acceptance to pay at a
- 01:03:14particular bank or place in the United
- 01:03:17States unless the acceptance states of
- 01:03:20the draft is to be paid only at that
- 01:03:22bank or place
- 01:03:27now you got to realize you can use all
- 01:03:28this [ __ ] on them if they try to use
- 01:03:31this [ __ ] on you what you're going to do
- 01:03:34in defense is you're going to every
- 01:03:36[ __ ] word every [ __ ] word you want
- 01:03:44to know the
- 01:03:46definition what is the definition of
- 01:03:48the' what is the definition of terms
- 01:03:50what is the definition of of what is the
- 01:03:53definition of a you you if if they try
- 01:03:56to use any of this stuff on you I've
- 01:03:58never seen any of the bar cars try to
- 01:04:00use any of this stuff on anybody in fact
- 01:04:02they won't talk about it if you put a
- 01:04:04goddamn shotgun in their mouth I'm
- 01:04:07telling you in the future if they ever
- 01:04:09shift their position from being little
- 01:04:12[ __ ] and and avoiding everything and
- 01:04:14pretending as though they've got it all
- 01:04:15figured out when they're actually
- 01:04:16clinically [ __ ] if it ever changes
- 01:04:19and they start actually bringing this
- 01:04:21[ __ ] up you want to every word you want
- 01:04:27to slam into them like Juggernaut from
- 01:04:30the
- 01:04:31X-Men bricks walls buildings everything
- 01:04:35is getting torn apart every
- 01:04:39word sipping
- 01:04:42coffee you want to know everything in in
- 01:04:47in pain if if they say if they say oh a
- 01:04:50draft is blah blah blah and they say
- 01:04:52something inside of their explanation
- 01:04:54that you do not understand you oh what
- 01:04:57does that mean stop right there not
- 01:05:00another [ __ ] word what is that word
- 01:05:03inside of the word of which you define
- 01:05:05the word draft what does that mean I
- 01:05:07need to understand that's what you're
- 01:05:10going to be doing I'm just letting you
- 01:05:12know eventually we're going to get to a
- 01:05:14point
- 01:05:15where I don't even know if these bar
- 01:05:17cards maybe they're all going to give up
- 01:05:19and lay on train tracks and there's
- 01:05:20going to be a
- 01:05:22Jonestown uh a suicide Packa and they're
- 01:05:24all going to get together and they're
- 01:05:25going to be in white robes and I I you
- 01:05:27know they they're going to drink the
- 01:05:28Kool-Aid for all I know I have no idea
- 01:05:31but I'm telling you right now if they do
- 01:05:33start to actually develop brain cells
- 01:05:35through
- 01:05:36Evolution which is a very low chance of
- 01:05:38that happening they're going to start
- 01:05:40bringing this [ __ ] up and if they
- 01:05:43do that's what you're going to do you're
- 01:05:45going to be you're I I'm telling you
- 01:05:47here I am trying to read this stuff um I
- 01:05:51there's certain areas that make sense to
- 01:05:52me and there's certain areas that don't
- 01:05:54you guys think that that I'm a genius
- 01:05:56and you're stupid that's not it at all
- 01:05:57this is very convoluted and confusing on
- 01:06:00purpose to try to confuse you and try to
- 01:06:02get you to go away and the thing is is
- 01:06:04that the difference between a normal
- 01:06:05person and a petarian is that we don't
- 01:06:08go away we don't go away we we ask so
- 01:06:13many questions and we never ever ever
- 01:06:15stop we never stop ever we ask questions
- 01:06:20until you literally hang yourself that's
- 01:06:23what we do that's that's our that's our
- 01:06:26Mo
- 01:06:28okay so I'm telling you right
- 01:06:31now if you're ever in a situation where
- 01:06:34they start to actually actually bring
- 01:06:35stuff up you got to be like
- 01:06:38wow I'm telling you the chances that
- 01:06:41they have any clue of any of the stuff
- 01:06:42that they're bringing up is like zero
- 01:06:45you need to slam into them with like
- 01:06:48480 trillion Newtons of force okay
- 01:06:55I'm telling you right now they don't
- 01:06:56stand a
- 01:06:58chance the terms of a draft are not
- 01:07:01verified by an acceptance to pay a
- 01:07:03particular I don't know I don't know and
- 01:07:06they don't either and they're going to
- 01:07:08pretend like they do they don't you you
- 01:07:10may not know but your level of not know
- 01:07:15I guarantee you is a thousand levels
- 01:07:19higher than what they don't know I'm
- 01:07:23telling you I promise I promise you that
- 01:07:26that I can promise you okay if the
- 01:07:29holder ascends to an
- 01:07:30acceptance varying the terms of a draft
- 01:07:33the obligation of each drawer and
- 01:07:37endorser that does not express I don't
- 01:07:41know is discharged I I don't
- 01:07:44know you know I say I say again we're
- 01:07:47just trying to We're just trying to go
- 01:07:49forward and do our thing and get get the
- 01:07:51basic ideas and then as it goes forward
- 01:07:54let's say let's say let's say it falls
- 01:07:56into 3-41
- 01:07:58410 and they bring it up now if you're
- 01:08:02in a lawsuit and they bring up 3-
- 01:08:05410 now you're in a situation where
- 01:08:08you're going to need to like really
- 01:08:10really Hammer this
- 01:08:12thing but as of right now if I had to
- 01:08:15say oh should you spend time trying to
- 01:08:17understand
- 01:08:183-41 or should you spend time trying to
- 01:08:21figure
- 01:08:22out uh three dash
- 01:08:31what was the one we were talking about
- 01:08:32earlier where I was like oh it's so
- 01:08:34important you need to learn
- 01:08:37this acceptance of draft verified check
- 01:08:42this is where you should be spending
- 01:08:43your time trying to figure out not
- 01:08:48this
- 01:08:51so again we don't know everything about
- 01:08:53everything but we know enough to know
- 01:08:56where where our focus should be and
- 01:08:58where we should really slam into people
- 01:09:01okay and and I and I'm sorry I don't
- 01:09:03have all the answers for
- 01:09:05you you guys think I'm [ __ ] perfect
- 01:09:08you guys think I know everything under
- 01:09:10the sun moon and stars and I don't
- 01:09:13okay so I'm
- 01:09:16human I I am a man I'm this I'm that you
- 01:09:20guys
- 01:09:21think I you could never understand
- 01:09:23things as well as I can well
- 01:09:28that's just not
- 01:09:29true and that's just an excuse I don't
- 01:09:33know what to tell you I've been looking
- 01:09:35at this [ __ ] for two years Non-Stop and
- 01:09:38I don't
- 01:09:39know I don't know if you take the time
- 01:09:43and you look at every goddamn word and
- 01:09:45you clear up every goddamn word in every
- 01:09:47goddamn dictionary you're going to be
- 01:09:48able to figure this out but do I want to
- 01:09:49do that right now on this particular
- 01:09:51point no do I want to do that on the
- 01:09:53last one
- 01:09:553- 49 I kind of do but we're not going
- 01:09:58to do that but I kind of do I kind of do
- 01:10:00this is so important I can tell um but
- 01:10:03we're not going to do that if if you
- 01:10:06wanted to do that that's going to be
- 01:10:08good I'll probably do that at some point
- 01:10:10we're going to move on for uh 3- 411
- 01:10:13refusal pay cash years check dollar
- 01:10:15checks uncertified
- 01:10:21checks uh this does not
- 01:10:23look like something something that we're
- 01:10:25going to get into
- 01:10:31um I don't I don't see any point in
- 01:10:34getting into this we're not going to get
- 01:10:35into
- 01:10:36this uh obligation of issuer of note or
- 01:10:41Cashers check the issuer of a note or
- 01:10:43cashier check out a draft draw the
- 01:10:45draw is obligated to pay the instrument
- 01:10:48according to its terms the time is
- 01:10:50issued if not issued at the time it it
- 01:10:53came it first came in into possession of
- 01:10:56a holder or if the issuer signs an
- 01:10:59incomplete instrument according to its
- 01:11:01terms when completed to the extent
- 01:11:04stated in the obligation is owed to a
- 01:11:07person entitled to enforce the
- 01:11:08instrument or to an endorser who pay the
- 01:11:10instrument okay I
- 01:11:15mean if if someone sends you an
- 01:11:17unconditional order to pay you're
- 01:11:20obligated to
- 01:11:21pay under the terms
- 01:11:28that's it really I mean it's not it's
- 01:11:31not that [ __ ] complicated I don't
- 01:11:32know where all this other stuff would
- 01:11:35apply so I can't tell
- 01:11:37you obligation of accept tour maybe
- 01:11:40maybe we're going to get more
- 01:11:41information here of what I was saying
- 01:11:44was so important
- 01:11:46earlier the accepter of a draft is
- 01:11:48obligated to pay the draft one according
- 01:11:52to its terms at the time it was except
- 01:11:57accepted even though the acceptance
- 01:11:59states that the draft is payable as
- 01:12:02originally drawn for or equivalent terms
- 01:12:05two if the acceptance varies the terms
- 01:12:08of the draft according to the terms of
- 01:12:11the draft as varied or three if the
- 01:12:14acceptance is of a draft that is an
- 01:12:16incomplete instrument blah blah I don't
- 01:12:18really care about that the obligation is
- 01:12:21owed to a person entitled to enforce a
- 01:12:23draft or to the drawer or an endorser
- 01:12:26who paid the draft
- 01:12:28okay if the certification of a check or
- 01:12:31other acceptance of a draft States the
- 01:12:34amount certified or accepted the
- 01:12:37obligation of the accepter is that
- 01:12:42amount if one the
- 01:12:46certification or acceptance does not
- 01:12:48State an amount or two the amount of the
- 01:12:51instrument is
- 01:12:52subsequently raised in three the
- 01:12:56instrument is then negotiated to a
- 01:12:57holder in due course the obligation of
- 01:13:00the acceptor is the is the amount of the
- 01:13:03instrument at the time it was taken by
- 01:13:05the holder you know th this this whole
- 01:13:07thing I mean I'm not really like getting
- 01:13:09too into the Weeds on this I'm just kind
- 01:13:11of looking all the time for like is
- 01:13:13acceptance delivery and I'm I'm starting
- 01:13:16to as far as I can tell on this
- 01:13:18acceptance is delivery that's what I'm
- 01:13:21seeing I could be wrong maybe that's
- 01:13:24changed I mean I'm just you
- 01:13:27know let's let's keep
- 01:13:29going obligation of
- 01:13:32draw draw is the person who
- 01:13:38orders
- 01:13:42um this section does not apply to
- 01:13:44Cashers checks or other drafts drawn on
- 01:13:46the drawer that's so funny again like I
- 01:13:48said before look in your state look in
- 01:13:51your state codes type in to to you
- 01:13:56know
- 01:13:58um artificial intelligence type in what
- 01:14:01is the equivalent of three
- 01:14:03d414 for state of Oklahoma or whatever
- 01:14:10just this is all no no one understands
- 01:14:14any of this I mean we are we are so far
- 01:14:17the what look at this look at this
- 01:14:20what is the definition and I know I'm
- 01:14:23going to get all the [ __ ] conspiracy
- 01:14:25theorists going ballistic right now it's
- 01:14:27okay of a
- 01:14:37cult no no no check this out watch
- 01:14:42this this is my favorite emology website
- 01:14:46this is just some like one guy literally
- 01:14:48you can look it up I know I've talked
- 01:14:50about him before but like I you have no
- 01:14:53idea bro like this guy is like the king
- 01:14:57dude like he's literally the [ __ ]
- 01:15:00King and who did this about section look
- 01:15:04at
- 01:15:05this I've been using this [ __ ] every day
- 01:15:08of my
- 01:15:11life he says 10 years ago I I I'm I'm
- 01:15:14pretty sure I've been using this for
- 01:15:17more than 10 years maybe not uh this
- 01:15:21dude
- 01:15:23is the
- 01:15:26king he's the [ __ ] King
- 01:15:31bro um I don't know the guy's name I
- 01:15:35don't know I thought about when I when I
- 01:15:37win my first lawsuit I'm probably going
- 01:15:38to give him like5 million [ __ ]
- 01:15:41dollar
- 01:15:44um we're going to type in a cult and
- 01:15:49you're going to see
- 01:15:52okay secret not
- 01:15:57divulged hidden concealed
- 01:16:02secret cover over
- 01:16:06conceal to hide
- 01:16:09over to cover conceal
- 01:16:14safe not apprehended by the Mind
- 01:16:18beyond the range of understanding
- 01:16:26to keep secret
- 01:16:30conceal if you look at the dates on this
- 01:16:32it's all around the same time period
- 01:16:341530s and then all the way back to 1500
- 01:16:37which is only the very short period of
- 01:16:39time okay we're going to go
- 01:16:44down so there you
- 01:16:48go
- 01:16:52it's in my opinion the occult is is the
- 01:16:55way of hiding information in plain
- 01:17:00sight they they they publish everything
- 01:17:03here we are 3-
- 01:17:08414 no one knows how any of this works
- 01:17:12or anything at
- 01:17:14all it it is the oul but it's also not
- 01:17:17the occult it's it's literally hiding in
- 01:17:21plain sight that is what we're looking
- 01:17:23at okay
- 01:17:27okay if it was hidden we couldn't even
- 01:17:29find the information but but here we are
- 01:17:32now now now now now think about this you
- 01:17:34say like oh no one can understand this
- 01:17:36okay fine whatever you can go through
- 01:17:38every [ __ ] word of this and clear up
- 01:17:40every [ __ ] word in every [ __ ]
- 01:17:42dictionary or even better when you sue
- 01:17:44them or when you counter claim them and
- 01:17:46you go into Discovery that's the
- 01:17:49conversation you want to have oh 3-44
- 01:17:53okay M interesting
- 01:17:55why don't we talk about the definition
- 01:17:57of every single word or on the state
- 01:18:00side they pull up some State Statute
- 01:18:03we're going to talk about every single
- 01:18:05word of this state statute for the next
- 01:18:08four [ __ ]
- 01:18:17months you call it the occult you call
- 01:18:20it hidden it ain't hidden to me bro I
- 01:18:24know you don't know I know you're a dumb
- 01:18:26[ __ ] I know I'm looking at it I don't
- 01:18:28get it I know you don't [ __ ] get it
- 01:18:31we're talking about
- 01:18:33it we're talking about it for four
- 01:18:37months and if you try to do anything to
- 01:18:40throw me off understanding if un
- 01:18:45unaccepted draft is dis I want to talk
- 01:18:50about is let's talk about
- 01:18:53is for a month a
- 01:19:11month the
- 01:19:18cult I I will chase you I will chase
- 01:19:22down your entire family
- 01:19:26I will find
- 01:19:28you I will sue you over and over and
- 01:19:32over I will sue you from a jail [ __ ]
- 01:19:39cell to find out what definition of is
- 01:19:44are you
- 01:19:50using I will chase you forever
- 01:20:09do you understand
- 01:20:12that your great
- 01:20:17grandchildren will need to deal with me
- 01:20:19chasing them and leaning all of their
- 01:20:21property to find out what is the
- 01:20:24definition that great-grandfather was
- 01:20:26trying to use when he used the word
- 01:20:29is when suing
- 01:20:45me I want you guys to
- 01:20:48understand where I'm at I want you guys
- 01:20:50to understand where this is
- 01:20:53going they use the word
- 01:20:56is they assume the definition of the
- 01:20:58word is or Dishonored or or unaccepted
- 01:21:01or
- 01:21:04draft they need to Define
- 01:21:13it so yes you don't understand all this
- 01:21:16I don't understand all this either and
- 01:21:18I'm trying my best to understand this
- 01:21:19with you guys and I'm trying my best to
- 01:21:21[ __ ] talk about this with you guys
- 01:21:23but it doesn't [ __ ] matter it does
- 01:21:24doesn't [ __ ]
- 01:21:26matter you you you're over here probably
- 01:21:28thinking like [ __ ] oh I'm so nervous
- 01:21:30and this and that and what is this and
- 01:21:32what is that but but it doesn't it
- 01:21:34doesn't [ __ ] matter it doesn't
- 01:21:36[ __ ] matter it doesn't [ __ ] matter
- 01:21:38because you you think you don't get it
- 01:21:40and you think they do they don't get it
- 01:21:44they don't understand they have no
- 01:21:46[ __ ] clue they have no [ __ ] clue
- 01:21:50these people have no [ __ ] clue they
- 01:21:51have bar cards they're gone
- 01:21:55they they're they've been gone for a
- 01:21:56long time they have no idea if they have
- 01:21:59a bar card you can assume they have no
- 01:22:01idea and you'll you'll be right
- 01:22:0799.94% of the
- 01:22:10time excuse me do a bar card yes I do oh
- 01:22:13great
- 01:22:15fantastic this is going to be easy okay
- 01:22:25try to [ __ ] confuse me just try
- 01:22:29please please try to confuse me please
- 01:22:32give me give me 800 pages of paper full
- 01:22:35of
- 01:22:36words because you're going to be
- 01:22:38answering every [ __ ] word
- 01:22:58every single [ __ ]
- 01:23:07word and if I don't understand I'm going
- 01:23:09to stop
- 01:23:10you if it takes 30 [ __ ]
- 01:23:18years that's what we're going to do
- 01:23:29that is what's
- 01:23:43required if an accepted draft is
- 01:23:46Dishonored the drawer is obligated to
- 01:23:49pay the draft one according to its terms
- 01:23:52at the time it was issued or if not
- 01:23:54issued at the time it first came into
- 01:23:57possession of a holder or two if the
- 01:24:00drawer signed an incomplete I don't know
- 01:24:02bro I don't know and I I literally dare
- 01:24:06you I [ __ ] dare you to use this on me
- 01:24:10please
- 01:24:12please I beg of
- 01:24:14you use this on me reference this in one
- 01:24:17of my law suits counter sue me and and
- 01:24:20list this on the [ __ ] lawsuit
- 01:24:24I will hire a private investigator to
- 01:24:26follow you and I will ask you for every
- 01:24:31[ __ ] definition of every word and I
- 01:24:33want the entire history we're going to
- 01:24:35talk about it incessantly and I'm going
- 01:24:38to publish and I'm going to take if I
- 01:24:41find out through my private investigator
- 01:24:43that you are going off and [ __ ]
- 01:24:46children or [ __ ] whatever or doing
- 01:24:50whatever or or cheating on your wife or
- 01:24:52whatever I am going to publish that
- 01:24:54information on every
- 01:24:57single Avenue I could possibly do I
- 01:25:00going to travel around and I going to do
- 01:25:03PR releases on every minor detail of
- 01:25:07your life of which I feel that you are
- 01:25:10incomplete or unstable
- 01:25:17on I going to be your nightmare I am
- 01:25:20going to be what you dream of when you
- 01:25:22sleep I'm going to be what you what you
- 01:25:24think of when when you awaken I'm going
- 01:25:26to be what you think of every time you
- 01:25:28see your wife you're going to think of
- 01:25:29me every time you see your children
- 01:25:31you're going to think of me every single
- 01:25:33time you try to do
- 01:25:35anything and you are going to pretend as
- 01:25:38though it's not me as though I don't
- 01:25:41affect you negatively or whatever and
- 01:25:44the thing is I
- 01:25:46do and I know I do and I sleep well
- 01:25:49because I do
- 01:25:56and I want to be abundantly
- 01:26:00clear about
- 01:26:22that if a DRFT accepted by a bank the
- 01:26:25drawer is discharged regardless of
- 01:26:28whether uh of when or by whom acceptance
- 01:26:31was obtained if a draft is I I don't
- 01:26:34know I don't know I don't think this is
- 01:26:36terribly important if a draft is
- 01:26:37accepted and the and the acceptor is not
- 01:26:39a bank the obligation of the drawer to
- 01:26:41pay the
- 01:26:43draft if the draft is Dishonored I don't
- 01:26:47know if if a draft if a draft states
- 01:26:51that it is drawn without recourse or
- 01:26:53otherwise disclaims like liability of
- 01:26:54the drawer to pay the draft the drawer
- 01:26:58is not liable under subsection B to pay
- 01:27:00the pay the draft if the draft is not a
- 01:27:02check we already know
- 01:27:04that
- 01:27:06if a check is not presented for payment
- 01:27:09or given to a depository
- 01:27:11bank for collection within 30 days blah
- 01:27:14BL blah I don't know I don't
- 01:27:17know obligation of endorser this is
- 01:27:20probably more along the lines of what we
- 01:27:21should be reading let's take a look at
- 01:27:23this one
- 01:27:25um if an instrument is Dishonored an
- 01:27:27endorser is obligated to pay the amount
- 01:27:30due on the
- 01:27:32instrument according to the terms of the
- 01:27:34instrument at the time it was endorsed
- 01:27:36or if the endorser endorsed an
- 01:27:39incomplete
- 01:27:40instrument according to okay okay so so
- 01:27:43them them telling you that we don't
- 01:27:45accept this payment or that's not a
- 01:27:47payment blah blah blah that's not
- 01:27:48endorsing the payment I was just talking
- 01:27:50to my client today about this
- 01:27:52look let's come to me for a minute if if
- 01:27:58I send you a payment if I if I attempt
- 01:28:03to I have the a bunch of really cool old
- 01:28:07um Civil War notes okay so so so so so
- 01:28:14if I attempt to send you a civil war
- 01:28:16note and I Tinder which means to
- 01:28:19unconditionally offer and it gets as far
- 01:28:22as I can tell delivered which we just
- 01:28:24looked at that and it was kind of
- 01:28:25confusing let's say let's say delivery
- 01:28:27is look I'm going to tell you delivery
- 01:28:30is [ __ ] acceptance and then if you
- 01:28:31want to [ __ ] fight it you [ __ ]
- 01:28:33fight it you [ __ ] show me [ __ ] and
- 01:28:35I'm going to hammer every goddamn word
- 01:28:37you [ __ ] send me until the end of
- 01:28:39[ __ ] time okay so as far as I'm
- 01:28:42concerned delivery is acceptance it
- 01:28:44makes the most sense to me okay so I
- 01:28:46deliver this I I unconditionally present
- 01:28:48this to you or unconditionally uh offer
- 01:28:51this to you you accept it which is
- 01:28:52tender so
- 01:29:01um see here and uh if if if you dishonor
- 01:29:06this now now now if you receive this and
- 01:29:08you go like oh no this is Dishonored
- 01:29:11okay now the the way I look at that is
- 01:29:16this in good faith I I I wrote the
- 01:29:19negotiable instrument I sent it you
- 01:29:20signed for it you received it now now
- 01:29:22now I'm inoc sit into proving guilty
- 01:29:24you're the one asserting a
- 01:29:27claim now whoever asserts the claim is
- 01:29:31the one that has to prove the
- 01:29:35claim so like you you say to yourself oh
- 01:29:38they told me that uh you know the
- 01:29:40payment is on okay as far as I'm
- 01:29:43concerned in a court of
- 01:29:46law they need to they need to [ __ ]
- 01:29:50prove that not you
- 01:29:54now I could be wrong on
- 01:29:56that but I'm telling you as far as I'm
- 01:29:59concerned that's the way it actually
- 01:30:01works you've done your duty you've done
- 01:30:03this you've done that you've sent it
- 01:30:05it's been some time and now all a sudden
- 01:30:07out of the blue oh no this is this is
- 01:30:08horeshit oh wow so you're saying it's
- 01:30:11Dishonored what evidence that you have
- 01:30:14or what evidence are you pointing
- 01:30:16towards that makes this particular
- 01:30:18negotiable instrument Dishonored make
- 01:30:21them prove it
- 01:30:25that's what I would
- 01:30:26do I haven't gotten to that point
- 01:30:29because no one will [ __ ] talk to me
- 01:30:30about anything or or My complaints or
- 01:30:32anything as far as I'm concerned because
- 01:30:33they're
- 01:30:34terrified but or stupid stupid and
- 01:30:38terrified you guys think you're all
- 01:30:40[ __ ] stupid and terrified they're 10
- 01:30:42times worse bro I'm telling you they're
- 01:30:4410 times worse look at all my [ __ ]
- 01:30:46cases and you will see proof that they
- 01:30:48are 10 times worse they will not talk
- 01:30:52about any of this information cuz they
- 01:30:55are
- 01:30:56terrified of this
- 01:31:01information they are weak pathetic
- 01:31:05[ __ ]
- 01:31:09Souls they have they have no clue what
- 01:31:12abundance could possibly feel like and
- 01:31:15they live their life in a
- 01:31:18desperate horrific
- 01:31:27shell of what it's supposed to be like
- 01:31:29to live on this
- 01:31:31planet if they want talk to you and they
- 01:31:33don't know they're
- 01:31:36[ __ ] and they're getting paid their
- 01:31:3810,000 or $20,000 to [ __ ] do whatever
- 01:31:41and blah blah blah they're selling their
- 01:31:43soul for
- 01:31:50$10,000 imagine being a person who has
- 01:31:53has a personal reality of their own
- 01:31:57soul and it's only
- 01:32:02$10,000 just imagine just
- 01:32:05imagine just imagine feeling that your
- 01:32:07soul is only worth
- 01:32:1010,000 Federal Reserve notes just
- 01:32:15imagine just
- 01:32:18imagine with all the inflation and
- 01:32:20everything happening 10,000
- 01:32:23Federal Reserve
- 01:32:28notes you can barely even buy a running
- 01:32:31vehicle for
- 01:32:3310,000 Federal Reserve
- 01:32:37notes these people have
- 01:32:42zero
- 01:32:45self-esteem they have zero
- 01:32:52self-respect imagine
- 01:32:57imagine selling your soul for 20 30 40
- 01:33:0250
- 01:33:0460,000 Federal Reserve notes promisory
- 01:33:09notes negoti imagine
- 01:33:13imagine imagine the amount of
- 01:33:15self-loathing you must experience on a
- 01:33:17day-to-day basis
- 01:33:20imagine the amount of
- 01:33:24imagine the the the the the level of
- 01:33:27enjoyment of day-to-day life the IM
- 01:33:31imagine imagine the inability to enjoy
- 01:33:34the
- 01:33:35laughter in a
- 01:33:37playground it's tough to be in a
- 01:33:39playground full of children or or
- 01:33:41animals maybe a dog park and not
- 01:33:43experience some level
- 01:33:45of
- 01:33:49enjoyment these people who sell their
- 01:33:51soul for 20 or 30 or 40 they can't can't
- 01:33:55even connect with that the the the the
- 01:33:58the idea of a dog park or a bunch of
- 01:34:00kids playing in the they can't even the
- 01:34:02the happiness is
- 01:34:07unattainable so so you you're you're
- 01:34:09over here saying like oh F these people
- 01:34:11and this and that it's it you don't need
- 01:34:12to there's no Revenge needed there's no
- 01:34:14Revenge needed what do you need revenge
- 01:34:17on what is there the fact that they
- 01:34:19[ __ ] breathe is
- 01:34:22Revenge what what is there to what what
- 01:34:25what Vengeance do you need they don't
- 01:34:27enjoy anything they don't understand
- 01:34:29anything they walk through life they you
- 01:34:31know you say oh NPC and people need to
- 01:34:32wake up these are the people who are
- 01:34:35real
- 01:34:38NPCs NPC is an overused trit
- 01:34:51term when someone is
- 01:34:54unable to enjoy the smell of
- 01:34:58flowers the smell of their car the smile
- 01:35:02of their
- 01:35:04wife the look of their
- 01:35:10children what Revenge do you need
- 01:35:15why like like what like what what
- 01:35:24I I I just
- 01:35:25don't wh what do you I mean I'm almost
- 01:35:28in tears just talking about this what
- 01:35:30what what what what what are you going
- 01:35:32to do like what
- 01:35:34are like their their life is [ __ ] their
- 01:35:37life is
- 01:35:40[ __ ] there's nothing you're going to do
- 01:35:42they're not even going to understand
- 01:35:43anything you would
- 01:35:45do there there there's
- 01:35:50no what's the why
- 01:35:54why are you even even if you even if you
- 01:35:57beat them half to death physically with
- 01:35:59a baseball bat they're going to be
- 01:36:01laying there they're not going to
- 01:36:02understand why or how or there there
- 01:36:05there's there's going to be no
- 01:36:06connection they have no ability to
- 01:36:07connect the
- 01:36:09dots it's like beating a dog half to
- 01:36:13death the afterward the dog's just going
- 01:36:15to be angry and start biting people and
- 01:36:17not know why and just be untrusting of
- 01:36:20humanity there there's no connection
- 01:36:22there's no [ __ ] connection
- 01:36:27you you you think you think that these
- 01:36:28people have this this this facility of
- 01:36:31intelligence and they can connect
- 01:36:32everything together and they have so
- 01:36:34much emotional uhh uh uh depth and and
- 01:36:37they don't they don't they don't they
- 01:36:42have no emotional depth they have no
- 01:36:44ability to connect the dots and that's
- 01:36:46why they do the [ __ ] they do that's why
- 01:36:48that's why they do
- 01:36:52it the they don't know they can't they
- 01:36:55can't piece anything together they're
- 01:36:57they're they're selfish they're alone
- 01:37:00they're
- 01:37:01terrified you you you are attempting to
- 01:37:04interact with a person who has
- 01:37:09no depth to their
- 01:37:20existence you're
- 01:37:22wasting your your
- 01:37:26time it is a
- 01:37:29[ __ ] waste
- 01:37:59you're wasting your time with your
- 01:38:00family you're wasting your time with
- 01:38:01these people and you're wasting your
- 01:38:02time with your friends quote
- 01:38:05unquote you're wasting your time
- 01:38:253- 415 obligation of
- 01:38:30endorser if an instrument is Dishonored
- 01:38:32an endorser is obligated to pay the
- 01:38:34amount due on the instrument one
- 01:38:36according to the terms of the instrument
- 01:38:38at the time it was endorsed two if the
- 01:38:40endorser endorsed an incomplete
- 01:38:43instrument okay so okay so if it's
- 01:38:46Dishonored you have to pay for it but
- 01:38:48they have to prove it's Dishonored
- 01:38:50that's the thing they're going to need
- 01:38:51to [ __ ] really work
- 01:38:54you're going to make them work as
- 01:38:55[ __ ] hard as [ __ ] to get them to to
- 01:38:57to prove that it's [ __ ] you know if
- 01:39:00an endorsement states that it is made
- 01:39:02without recourse or otherwise just
- 01:39:03claims liability of the endorser the the
- 01:39:05the endorser is not liable so if you if
- 01:39:07you if you if you claim without recourse
- 01:39:08as we've been talking you will never
- 01:39:11need to defend your position this none
- 01:39:12of this is an issue you're all good you
- 01:39:14can go off with your [ __ ] free house
- 01:39:16and your free car and you're free this
- 01:39:18you're free that and live your life live
- 01:39:19the best goddamn life anyone's ever
- 01:39:21[ __ ] seen in their entire existence
- 01:39:26okay if a notice of Dishonor of an
- 01:39:28instrument is required by blank and
- 01:39:31notice of Dishonor complying with that
- 01:39:33section is not given to an endorser the
- 01:39:35liability of that endorser is discharged
- 01:39:37so if they don't tell you through a
- 01:39:38notice then then you're good
- 01:39:42basically if a draft is accepted by a
- 01:39:44bank after an endorsement is made the
- 01:39:45liability of the endorser under blank is
- 01:39:49discharged if an endorser of a check is
- 01:39:52liable under subsection a and the check
- 01:39:54is not presented for payment or given to
- 01:39:56depositary
- 01:39:59bank
- 01:40:01okay
- 01:40:03whatever transfer
- 01:40:06warranties God uh a person who
- 01:40:10transfers an instrument for
- 01:40:12consideration warrants to the transferee
- 01:40:15and the transfer is by endorsement to
- 01:40:18any subsequent transfer that the warrant
- 01:40:21tour is a person in title to enfor
- 01:40:23course the instrument all signatures on
- 01:40:24the on the instrument are so this is a
- 01:40:26lot of like so they're sort of building
- 01:40:28this up right they're they're saying
- 01:40:29this that and there a certified check uh
- 01:40:32a signature or or false signature so so
- 01:40:35now now they' they're like okay we've
- 01:40:37talked about all this stuff and all
- 01:40:39these various things and now we're
- 01:40:42getting into like a larger view of the
- 01:40:45overall situation showing that you know
- 01:40:47this thing gets transferred if and then
- 01:40:49now they're going through and they're
- 01:40:50sort of like summarizing everything has
- 01:40:53hasn't been altered it's authentic it's
- 01:40:56not subject to claim or recruitment
- 01:40:58against the warrant tour and like blah
- 01:41:00blah and like I don't
- 01:41:04know warrants to the transfer e like
- 01:41:08gives gives gives permission to or gives
- 01:41:12it's it's it's yeah the warrantor is the
- 01:41:15person entitled to enfor yeah makes
- 01:41:17sense so they're they're just giving
- 01:41:19they're using a new term now to try to
- 01:41:21be more complicated just to say
- 01:41:23the ability to control or or or order or
- 01:41:27whatever which just means the person
- 01:41:29entitled to enforce or the holder it's
- 01:41:31it's still person entitled to enforce or
- 01:41:34holder is still going to be the main
- 01:41:37aspects don't let them throw you off
- 01:41:40don't let them throw you off the [ __ ]
- 01:41:42the [ __ ]
- 01:41:43path and and holder versus person intal
- 01:41:47to enforce is also very similar so don't
- 01:41:49think that oh God there's two turn no no
- 01:41:51it's actually very simple this just
- 01:41:52pretty much just one idea here to to a
- 01:41:55most degree it's not entirely but at
- 01:41:57this point you understand what I'm
- 01:41:58talking about on part
- 01:42:00four the instrument has not been altered
- 01:42:04the instrument is not blah blah the this
- 01:42:06and that and the [ __ ] you know
- 01:42:08they're made and who took the instrument
- 01:42:10in good faith May recover from the
- 01:42:11warrant tour and damages blah blah yeah
- 01:42:13so it's it's it's we're looking at a lot
- 01:42:16of the same thing we've already seen
- 01:42:17just just said in a different way that
- 01:42:19one's more of like an overall summary of
- 01:42:21a lot of things we've been learning so
- 01:42:22far
- 01:42:24if an unaccepted draft is presented to
- 01:42:26the draw e for payment or acceptance and
- 01:42:28the draw e pays or accepts the draft the
- 01:42:31person obtaining payment or acceptance
- 01:42:33at the time of
- 01:42:35presentment and a previous transer
- 01:42:40transfer of the draft the time of
- 01:42:42transfer warrant to the draw e making
- 01:42:45payment or accepting the
- 01:42:47draft presentment warranties the warrant
- 01:42:51is or was the time warranty trans for
- 01:42:53draft dra
- 01:42:55authorized to obtain payment
- 01:42:59BL so it's it's again we're looking at a
- 01:43:02lot of the same stuff uh an overall
- 01:43:04summary of various things that can go
- 01:43:05wrong for
- 01:43:08transferring
- 01:43:20um what is a warrantor in
- 01:43:25Financial
- 01:43:35transactions it's giv me guarantor um is
- 01:43:40guarantor the same thing
- 01:43:42as warrantor
- 01:43:47maybe possibly is a person or entity
- 01:43:49that assumes a financial obligation of
- 01:43:51another party so it's the person who has
- 01:43:53financial
- 01:43:55responsibility um could that be the
- 01:43:56definition of
- 01:43:58warrantor
- 01:44:04um it very well could be Let's uh let's
- 01:44:06let's ask
- 01:44:08AI real quick
- 01:44:10[Music]
- 01:44:15um what is a
- 01:44:20war war
- 01:44:25in
- 01:44:27tour when it comes
- 01:44:30[Music]
- 01:44:33to
- 01:44:36negotiable instruments question
- 01:44:50mark a warrantor in the context text of
- 01:44:53negotiable instruments refers to an
- 01:44:55individual who makes certain implied
- 01:44:58warranties when transferring an
- 01:45:00instrument for consideration one that
- 01:45:04they are entitled to enforce the
- 01:45:05instrument two that the signatures of
- 01:45:07the instrument are authentic and
- 01:45:08authorized three that the instrument has
- 01:45:09not been altered four that the
- 01:45:11instrument is not subject to defense or
- 01:45:13claim five that they have no knowledge
- 01:45:16of any insolvency proceedings okay if
- 01:45:20that's true then the warrantor
- 01:45:24is someone who basically just just
- 01:45:27basically swears under penalty of
- 01:45:29perjury or swears to the fact that these
- 01:45:32various aspects that would make a an
- 01:45:35instrument non-negotiable are untrue and
- 01:45:39that the various aspects that make
- 01:45:42it negotiable would be
- 01:45:47true legal what is the legal
- 01:45:51definition of
- 01:45:55warranties when it comes to
- 01:46:01financial
- 01:46:12transactions the legal definition of
- 01:46:14warranties when it comes to financial
- 01:46:16transactions is a promise or guarantee
- 01:46:18made by a seller about the
- 01:46:21characteristics or qu quality of
- 01:46:23property goods or services warranties
- 01:46:25and financial transactions are
- 01:46:27statements made by one party that the
- 01:46:29other party relies on when entering the
- 01:46:32contract and a breach of warranty gives
- 01:46:34the injured party claim for de okay so
- 01:46:37it's a promise that that if the promise
- 01:46:39is broken or untrue they can sue on okay
- 01:46:41that makes sense it's like an insurance
- 01:46:43it's like a verbal insurance policy okay
- 01:46:46okay okay okay okay
- 01:46:47okay
- 01:46:49um breach of warranty equal to yeah yeah
- 01:46:52that makes sense okay okay so if I
- 01:46:53promise you that blah blah then that bad
- 01:46:55things can happen blah blah that makes
- 01:46:57sense whoa what's happening here that
- 01:47:00makes sense okay I I I I'm tracking I'm
- 01:47:03tracking
- 01:47:11um warranty warrantor States blah blah
- 01:47:15you're promising things blah so don't
- 01:47:17promise [ __ ] you can't deliver don't
- 01:47:19promise [ __ ] that's not true and if you
- 01:47:20do bad things are going to happen that's
- 01:47:23basically what I'm seeing here we're
- 01:47:25going to skip on because we don't have a
- 01:47:27whole lot more we're going to get all
- 01:47:28this done in one video which is beyond
- 01:47:29what I thought payment or acceptance by
- 01:47:32mistake
- 01:47:44um I'm running out of steam here guys I
- 01:47:46apologize um
- 01:48:01if someone receives a a thing and it's
- 01:48:04not it's by mistake then the person if
- 01:48:07they receive it in good
- 01:48:13faith can maybe negotiate the instrument
- 01:48:20possibly I don't know
- 01:48:23something something you guys can look at
- 01:48:25this I'm running out of steam here guys
- 01:48:27I
- 01:48:45apologize so this is interesting if if
- 01:48:48if if an instrument is issued for value
- 01:48:50given the benefit of a party to the
- 01:48:52instrument AC that's the accommodated
- 01:48:54party and another party to the
- 01:48:55instrument accommodation party signs the
- 01:48:57instrument for the purpose of incurring
- 01:48:59liability this is what they're always
- 01:49:01trying to do with you this is the all
- 01:49:03caps versus the upper and lower kids
- 01:49:04name the all caps is the
- 01:49:07accommodation accommodated party and
- 01:49:11then you is the natural person I guess
- 01:49:14you could say is the accommodation party
- 01:49:17you're the one incurring liability of
- 01:49:19the instrument without being a direct
- 01:49:21beneficiary of the value you given this
- 01:49:24is actually very
- 01:49:26important um this is what they're doing
- 01:49:29an accommodation party May sign the
- 01:49:30instrument as maker drawer acceptor or
- 01:49:32endorser and so they're talking about
- 01:49:35the all caps name oh no no the the the
- 01:49:38upper and lower case that the natural
- 01:49:40person may sign the in the thing as all
- 01:49:44these different things and subject to
- 01:49:45blah is obligated to pay the instrument
- 01:49:48so you're the one signing it you're the
- 01:49:50one who's responsible for it okay
- 01:49:54um a person signing an instrument is
- 01:49:56presumed to be in a combination party
- 01:49:59and there is notice that the instrument
- 01:50:02is signed for accommodation if the
- 01:50:03signature is a oh God or is a company
- 01:50:07we're not going to get into that or is
- 01:50:09accompanied by words indicating the
- 01:50:11signer is acting as shorty or guarantor
- 01:50:14so you've heard a lot of this you know
- 01:50:16like you're signing on assurity on
- 01:50:19behalf of the ELC Cap's name blah blah
- 01:50:20blah well this is this is the evidence
- 01:50:23that that is what's occurring and if
- 01:50:25anybody asks in a court of law this is
- 01:50:28what you're going to show them
- 01:50:33right and we're going to talk about this
- 01:50:35for [ __ ] nine years in a court of law
- 01:50:38you know the beauty of being prosay is
- 01:50:40that you don't need to pay by hour for a
- 01:50:43[ __ ] bar
- 01:50:45card you're in there to win it it could
- 01:50:47be 9,000 hours you're going to you're
- 01:50:49going to you're going to [ __ ] it
- 01:50:50could be goddamn [ __ ] Bill Bill
- 01:50:53Clinton and you're going to be in there
- 01:50:55sucking him dry through his [ __ ] bar
- 01:50:57card his bar card is going to be the
- 01:50:59happiest guy in the world sucking him
- 01:51:00dry G be making [ __ ] uh I heard down
- 01:51:03the Grapevine I think it was from Joey
- 01:51:05Kimbro I heard down the Grapevine that
- 01:51:07[ __ ] Donald Trump in this whole New
- 01:51:10York case and everything else you spent
- 01:51:13$50 million on on on bar cards and and
- 01:51:17legal
- 01:51:21fees you know I'm going to spend on bar
- 01:51:23cars and legal fees if you sue me $0
- 01:51:30and0 I mean the only real expense I'm
- 01:51:32going to have is is is is is blowing
- 01:51:34your [ __ ] up and creating PR releases on
- 01:51:37everything I'll [ __ ]
- 01:51:39pay God knows how many magazines and
- 01:51:43whatever and I'll I'll blow this [ __ ] up
- 01:51:46to the point where everyone in their
- 01:51:48mothers is talking about
- 01:51:50it I'll pay a PR firm or whatever I I
- 01:51:53don't care I got tons of cash and
- 01:51:56knowwhere to put it and nothing to
- 01:51:59lose I'm just waiting for someone to sue
- 01:52:01me God I can't [ __ ] wait Jesus
- 01:52:10[ __ ]
- 01:52:14um the
- 01:52:16signature of a party of a [ __ ] blank
- 01:52:20blank um
- 01:52:36I don't
- 01:52:38know I'm starting to lose a lot of steam
- 01:52:40here guys I apologize I'm I'm really
- 01:52:42kind of getting getting tapped I think
- 01:52:45I'm
- 01:52:46gonna oh we got one more yeah I think
- 01:52:48I'm gonna uh bow out on this one I'm I'm
- 01:52:51bowing out I'm done conversion of
- 01:52:54instrument um
- 01:53:30[Music]
- 01:53:34uh conversion of instrument um 420 it's
- 01:53:37good for you guys 420 uh the law
- 01:53:40applicable to conversion of personal
- 01:53:44property applies to
- 01:53:45instruments this feels kind of important
- 01:53:48um even though I don't really know what
- 01:53:50it says um there's a part of me that's
- 01:53:52kind of like like oh you should focus on
- 01:53:53this one uh the negotiation from a
- 01:53:57person or Bank makes or obtains payment
- 01:54:01with respect to the instrument for the
- 01:54:06purpos action for conversion may not be
- 01:54:24maybe
- 01:54:25not anyways yeah I'm out of steam
- 01:54:29guys I am I am out of
- 01:54:32gas I am out of gas
- 01:54:35so okay it's dark here the sun's down um
- 01:54:40I'm
- 01:54:41done I'll see you guys on part
- 01:54:44five later
- UCC video
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