Bills of Exchange

When a corporation agent or court makes a demand, you have the option to settle. Theoretically you can, by using money of exchange. The SA Bills of Exchange Acts makes provision for it . However, we do not recommend you use this method and if you do, use it only as a legal defence strategy. Bills such as invoices, remittances, warrants and orders are all bills of exchange.   Up till now you have only used promissory notes and such which is money of debt. 

No Disclaimer: There is no disclaimer on these pages because the reader will learn and know that each and every perception and interpretation of anything and everything we as People experience, is unique. The responsibility is our own on how we use what we are learning and becoming. Anyone reading these pages is wise enough to follow their own counsel and therefore acknowledges this by the act of reading further. The choice is yours and yours alone. jefferson 5 Download and read the following for more background information: What does A4V mean Foreclosure Defence Handbook Expert testimony to verify this: Affidavit_of_walker_todd_1-20-04 At least know what the following mean: 1.     Money of debt vs Money of Exchange; 2.     Accepted for Value; 3.     Bills of Exchange and Negotiable instrument; The following manual is a brief on How to use money of exchange: How to use Money of Exchange Manual April 2014 Notice of Settlement:  Offer to settle, no point arguing; it just gets you into more trouble. If you don’t have the ORIGINAL bill then you need to notify them. First go to http// page before you continue here. Indorsing the ORIGINAL bill – in the How To Use Money of Exchange Manual. The following is an example of an indorsement: example of an indorsed bill With it comes the Entitlement Order. 2014.02.01 Entitlement Order Comprehend what you are doing. Take responsibility in your actions. In Peace.

Presentment of Bill: If you have listened to Robert-Arthur: Menard’s interview Bursting Bubbles, you will know all about the Bills of exchange act.  By not accepting the original Bill of Exchange (the traffic fine/bank loan/court order) you go into dishonour and this is why they have power over you. Here is a piece about dishonour from the Bills of Exchange Act:  Bill of Exchange Amendment Act 56 of 2000

Quote: 41 When bill is dishonoured by non-acceptance, and consequences thereof (1) A bill is dishonoured by non-acceptance if- (a) it is duly presented for acceptance, and such an acceptance as is prescribed by this Act is refused or cannot be obtained; or (b) presentment for acceptance is excused and the bill is not accepted. (2) Subject to the provisions of this Act, if a bill is dishonoured by non-acceptance, a right of recourse against the drawer and indorsers immediately accrues to the holder, and no presentment for payment is necessary. 42 Duties as to and consequences of qualified acceptance (1) The holder of a bill may refuse to take a qualified acceptance, and, if he does not obtain an unqualified acceptance, may treat the bill as dishonoured by non-acceptance. (2) If a qualified acceptance is taken and the drawer or an indorser has not expressly or impliedly authorized the holder to take a qualified acceptance, or does not subsequently assent thereto, the drawer or such indorser is discharged from his liability on the bill: Provided that the provisions of this subsection do not apply to a partial acceptance whereof due notice has been given. (3) If the drawer or an indorser of a bill receives notice of a qualified acceptance, and does not within a reasonable time express his dissent to the holder, he shall be deemed to have assented thereto. Read the stuff in bold: “If a bill is dishonoured by non-acceptance a right of recourse against the drawer and indorsers immediately accrues to the holder and no presentment of payment is necessary”. This is why you are truly double-crossed. You refused to accept the bill, now they gonna send you a notice in the post to pay or go to court. If you go to court you are in dishonour and at the courts mercy.. bad situation to be in.  So what you need to do when a traffic fine/court order/warrant is presented to you is this: 1. Acknowledge that you know it is a bill of exchange 2. Offer to accept the presentment of the original bill i.e. “I am open to you presenting to me of the original”. 3. If they give the original then indorse it. If they don’t give you the original then make out a protest bill and thus you do not sign (I mean why go into dishonour??) It’s funny when you read the statutes you will always find remedy, even if it is on the last page.   The following part of the Act deals with proper presentment of the bill. Quote: 91 Presentment of note for payment (1) (a) If a note is in the body of it made payable at a particular place, it must be presented for payment at that place to render the maker liable, unless the particular place mentioned is the place of business of the payee and the note remains in his hands. (b) In no other case is presentment for payment necessary in order to render the maker liable. (2) Presentment for payment is necessary to render the indorser of a note liable. (3) (a) If a note is in the body of it made payable at a particular place, presentment at that place is necessary to render an indorser liable. (b) If a place of payment is indicated by way of memorandum only, presentment at that place is necessary to render an indorser liable; provided that presentment to the maker elsewhere, if sufficient in other respects, shall be sufficient to render an indorser liable. I am interested in the bold part above; you must be presented with the bill properly in order to be made liable for it. If your signature is on the bill then that is proof that it has been properly presented to you and that fact that they STILL have the original is proof that you dishonoured the bill by not accepting it… tricky! Tricky!  The thing is – with traffic fines you are never presented with the bill properly, if you are not properly presented with the bill then it stands you are not liable for it… In this case the liability of the bill falls on the traffic officer who issued it. Once the traffic officer has refused to give you the original, you then protest the fact by using a notary and sending the protest to the finance minister.  Some suggestions from the act: Quote: 98 Protest when notary not accessible (1) If a dishonoured bill or note is authorized to be protested, and the services of a notary cannot be obtained at the place where the bill or note is dishonoured, any landowner or householder of the place may, in the presence of two witnesses, give a certificate, signed by them, attesting the dishonour of the bill and such certificate shall in all respects operate as if it were a formal protest of the bill. [Sub-s. (1) substituted by s. 46 of Act 56 of 2000.] 30 (2) The form set out in the First Schedule may be used with the necessary modifications for such certificate, and if so used, shall be sufficient.  Here is the form you can use: Quote: FORM OF PROTEST WHICH MAY IN TERMS OF SECTION ninety-eight BE USED WHEN THE SERVICES OF A NOTARY CANNOT BE OBTAINED   Know all men that I, A. B., landowner or householder of _______________________   In the district of __________________________________________________________ at the request of C.D., there being no notary available, did on the   _________ day of ______________________ 20_____    at __________________________________________ demand payment or acceptance from E.F., of the bill of exchange which or a copy of which is hereto annexed, to which demand he answered (state answer, if any) wherefore I now in the presence of G.H., and J.K., do protest the said bill of exchange.   A.B.     ____________________________   Witnesses:   G.H.    ____________________________   J.K.      ____________________________   N.B. – The bill ___________________________________________________________________________  Here our printable version of the protest of bill

30 thoughts on “Bills of Exchange

  1. Hey bt!!

    What are the next steps once the bank has dishonoured a bill? They are quite a few months in dishonour. Last week I informed them that they are in dishonour and gave them a few days to rectify, with copies of my notice and claim of intent etc. I am now not getting a response form either of the banks, FNB and Standard Bank.

    What do I do next?

    1. Hi Rohan, they will just stonewall you when you get to close, like they do with us;

      save the emails as evidence; however, the ITNJ court case will solve ALL problems; we need 50 000 names to change the constitution on 28 January, 2016; instead of everyone running around hacking at the branches, we are all going for the roots, together, united as one; find an updated Peoples National Referendum doc on the Notices page; print it and get 100 people to complete it and post or bring to a workshop near you; there is no other remedy on the horizon for SA as you may well know; nada, niks, nothing; sadly, we are the only hope for freedom for all;

      be blessed, bt

      1. Thanks for the reply! Will have a look at that doc and do what I can do.

        Out of curiosity, could I now lay a claim against them at the claims court to get a case number and attach it to the ITNJ case number for further evidence against them?

      2. Hi Rohan, if you are a people then file with UZA; your people’s court;

        Our case is a one-case-fits-all number; as we said, it will solve all problems or we will have to resort to self-defence; no middle ground;

        They will stonewall you; if we could not get a squeak out of them then only an international one can; capiche?

        in peace, bt

      3. Filing with the UZA is perfect… Thank you and I get it and in total agreement for going for the roots!

        If you guys are getting stonewalled with all your knowledge and experience then I have no illusion I wouldn’t be facing the same. I am happy to support the “big guns” as much as I can 🙂

        Thanks for the great help so far and for all that is yet to come!

    1. Alonay,

      we say that the system was foreclosed and bills of exchange is proof of double-billing the people;

      Stamps and REVENUE duty is for commerce which we do not engage in; at natural law we are all in the same jurisdiction: no need for consideration;

      And, we are in Africa; hope this answers the question; in peace

  2. after my car’s repossesion 3 months ago the bank sends me an offer to settle the months in arrears in order to get car back.

    With the letter i posted to the bank responding to the offer, why am i setting off the debt using the express trust submitted to the master not through the treasure?

  3. follow up comment from your email response. I have already filled the express trust 2 months back with the high court master so what to do now since i received a letter from bank giving me 10 days to arrange to settle outstanding amount for my repossesed car to b returned.

    do i Send them a letter offering to settle so they can send me a true bill that i will A4V?

  4. thanks BT. another quest. can a school issue an invoice so i can A4V it for my kid’s school fees & to whom do i deliver it as principal has no clue on this?

  5. 3 months back i delivered a promo note to the bank to settle my debt but now i am in trouble as a summons has been issued for me to pay.

    i am told to accept the summons for value bt i have to be a secured creditor 1st, how do i do all this with such limited time allocated for me to respond to the summons?

    my wife lost a job & things r getting worse financialy.

  6. First Question: If I send out an invoice to a client for services rendered and they endorse it A4V and return it to me, where do I take it to get it monetized?

    Second Question: If the aforementioned is possible, could we not start an entire community of trading, where we trade anything and everything, A4V’ing the living hell out of the banking system, all the while remaining in honor and settling all debts and balancing the books?

    Third Question: Are there any success stories who can vouch for the efficacy of the A4V process? It would be comforting to have some precedents in the arsenal.

    PS. Question two is a little tongue in cheek, but if anyone has a new SLK on sale, just send me the invoice…

    1. Interesting questions 🙂

      First Question: This is why we are establishing a commission of inquiry. With global funding such as SwissIndo, the indorsed bill will go to an approved Creditor Value Asset Centre.

      Second Question: They are currently refusing to provide remedy: Read our 2014 constitutional court filings (Constitutional Court page)

      Third Question: We have suspended court cases using this process; we have had an account zeroed but we do not advertise this. The aim is not to continue trading in the current corporatocracy because they would still trade these indorsed bills on a fractional reserve system thereby extending their game of play. We want to unplug, not re-plug.

      PS. Question two is a little tongue in cheek, but if anyone has a new SLK on sale, just send me the invoice…

      PS: Soon, when there is funding, we will have an ethics committee to ensure all funding goes to social and environmental upliftment, not the perpetuation of greed. We are sitting with billions of people living on barely a dollar a day; that has to change first before the SLK.

      In Peace

  7. Hello, thank you
    you may have missed the other 3 questions above?
    12:29 via Sheriff
    12:23 Indorsing
    12:16 Entitlement order

  8. if it is a warrant viz via Sheriff

    E. The value can be charged to Sheriff Lindhaven (Actual name) for

    case # ____________________.

    OR should it remain

    B. The value can be charged to a clerk of MAGISTRATES court for

    case # ____________________.

  9. Indorsing
    Green ink?

    Is it done indorsed on the reverse of the Bill of Exchange?

    Does indorsing on the front not = defacing of the bill?

  10. Entitlement Order
    Court Orders do not contain bank account numbers
    Magistrates Court refuse to accept most payments under revised rules

    Does one then just quote the case number?

      1. Greetings! Firstly I would like to congratulate you on a very informative website, I am very pleased that I found it. Just a couple of questions: 1)The Foreclosure Defence Handbook’ is it valid for South African law conditions as well? Have you considered rewriting it for South Africans? 2)Is a Promissory Note a legal form of tender? I did some research and, I may be wrong in my interpretation, but in terms of the Bills of Exchange Act 34 of 1964, a Promissory Note is an acceptable specie of payment and is considered legal Commercial Instrument. I tried to pay Standard Bank with a Promissory Note and they basically replied that such payment has “no legal basis.” I have copies of the notes if you are interested and I’ll be happy to share them with you via email as an attachment. Sincerely, Roan

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