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YUSEF EL- ULTIMATE REMEDY- SECURED PARTY/CREDITOR, NATURAL LAW, PRIVATE RIGHTS
BLACK'S LAW 8TH
ACT OF HONOR
act of honor.Commercial law. A transaction, memorialized in an instrument prepared by a notary public, evidencing a third person's agreement to accept, for the credit of one or more of the
parties, a bill that has been protested. • The UCC eliminated this type of transaction.
BLACK'S LAW 8TH
acceptance for honor.An acceptance or undertaking not by a party to the instrument, but by a third party, for the purpose of protecting the honor or credit of one of the parties, by which the third party agrees to pay the debt when it becomes due if the original drawee does not. • This type of acceptance inures to the benefit of all successors to the party for whose benefit it is made. —
Also termed acceptance supra protest; acceptance for honor supra protest. [Cases: Bills and Notes 71. C.J.S. Bills and Notes; Letters of Credit § 37.]
BLACK'S LAW 8TH EDITION:http://www.republicsg.info/Dictionaries/2004_Black's-Law-Dictionary-Edition-8.pdf
statute merchant.Hist. 1.(cap.) One of two 13th-century statutes establishing procedures to better secure and recover debts by, among other things, providing for a commercial bond that, if not timely paid, resulted in swift execution on the lands, goods, and body of the debtor. 13 Edw., ch. 6 (1283); 15 Edw., ch. 6 (1285). • These statutes were repealed in 1863. — Also termed pocket
2. The commercial bond so established. Cf. STATUTE STAPLE.
“It is not a little remarkable that our common law knew no process whereby a man could pledge his body or liberty for payment of a debt .... Under Edward I, the tide turned. In the interest of commerce a new form of security, the so-called ‘statute merchant,’ was invented, which gave the creditor power to demand the seizure and imprisonment of his debtor's body.” 2 Frederick Pollock & Frederic W. Maitland, The History of English Law Before the Time of Edward I
596–97 (2d ed. 1899).
Black's Law Dictionary 8th Edition. Page 52
closed account.An account that no further credits or debits may be added to but that remains open for adjustment or setoff.
GOD CREATES EVIL: Isaiah 45:7King James Version (KJV)
7 I form the light, and create darkness: I make peace, and create evil: I the Lord do all these things.
COURT REGISTRY INVESTMENT SYSTEM PDF: http://www.citizensofidaho.com/Court_Registry_Investment_System.pdf
COURT REGISTRY INVESTMENT SYSTEM: http://www.mdb.uscourts.gov/sites/default/files/general-orders/13-02.pdf
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