Bills of Exchange 1882 (&1909) Cover letter
I dived in again recently to the BOE (1882 & 1909) Acts after re-listening to the excellent interview Mel had with Brandon Joe Williams. As we know BJW uses a lot of US UCC information and so I was not confident to pursue his recommendations. However. Mel was asking about the UK and he quoted the BOE act as the main legal statute to justify discharging all 'debt'. After a few challenges I got the ChatBOT to create the attached cover letter when sending back your signed 'bill'. According to the BOE Act, delivery of the signed bill is taken as 'discharged' and if you write 'without recourse' there is no liability on you (the endorser of the bill). I did this with my water 'bill' and they didn't return it and said i hadn't 'paid'. That is like sending a bag on £notes and they reply saying they didn't receive it! I learned then to send a 'certified true copy' and keep the original and also to add 'without recourse'! Now dealing with the DCA with DSARs...
Be great to hear of any of the group who have successfully discharged their bill this way. If we pool together all the factors to make it successful, we can move ahead with confidence... OK?
I'm sure we can create a good legal robust reply should they not 'accept' discharge...
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Graham Cox
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Bills of Exchange 1882 (&1909) Cover letter
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