acceptance for value
WHAT DOES AN “ACCEPTANCE FOR VALUE” REALLY MEAN?
Millions of people use the phrase “acceptance for value” or “accepted for value” everyday without knowing what it means and why it is so powerful. You have the right to make personal choices that affect your commercial affairs. You can be in control, or you can be controlled. Acceptance for value is one means of being in control.
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Acceptance 1. An agreement, either by express act or by implication from conduct, to the terms of an offer so that a binding contract is formed.
* If an acceptance modifies the terms or adds new ones, it generally operates as a counteroffer.
Black’s 7th
Accept. To receive with approval or satisfaction; to receive with intent to retain. Black’s 4th
Acceptance. The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. Black’s 4th
A naked acceptance waives remedies that are available by waiving defects in the instrument (agreement) that is being offered and accepted. Receiving an instrument is an acceptance and a taking. Retention is the basis for a binding contract if there is a preceding act like a pledge to the United States. Altering the terms of the instrument and returning it operates as a counteroffer.
UCC 1-201. General definitions
44. “Value”. Except as otherwise provided with respect to negotiable instruments and bank collections (sections 3-303, 4-210 and 4-211) a person gives “value” for rights if he acquires them:(a) In return for a binding commitment to extend credit or for the extension of immediately available credit whether or not drawn upon and whether or not a charge-back is provided for in the event of difficulties in collection; or (b) As security for or in total or partial satisfaction of a preexisting claim; or (c) By accepting delivery pursuant to a preexisting contract for purchase; or (d) Generally, in return for any consideration sufficient to support a simple contract.
UCC 1-201(44) generally says that a person gives value. He gives value to get rights. If one person is giving value, another person is asked to give rights in exchange. Both giving value and giving rights meet the element of consideration.
Acceptance for Value – what does Constitutes Value?
The question has to be – What constitutes value? In today’s commercial system where ownership is not the prime focus, interest (rights) in things takes the place of ownership as the goal. A security interest constitutes a right to seize control of a pledged thing if the one giving the security interest fails to perform as agreed. The one giving a security interest retains possession of the thing that secures the right of another party to seize possession of the thing that backs the security interest that was given. The one receiving a security interest becomes a secured party, especially if the instrument establishing the security interest is registered. He has rights, which are remedies and defenses that he can use to enforce an agreement if the other party fails to perform as agreed.
Acceptance for Value – what Constitutes a Right?
UCC 1-201. General definitions
36. “Rights” includes remedies.
A remedy is a commercial right for those who acquire that right through an instrument. In corporate United States, there must be a written record of everything. Nothing is supposed to be assumed or presumed, but that does not mean assumptions and presumptions are not used everyday to acquire rights and enforce them. If the right that is being enforced is a security interest in a tangible or intangible thing, it usually comes from an instrument that is actually supported by the thing. This is usually, but not always, a pledge or a promise to relinquish possession of a thing if there is a breach of an agreement.
Given the current financial systems of both PUBLIC and Private, being in a state of disarray, in a direction it had been steered, by Quazi Government and other Multi—corporate factions, we must realize that to optimize the way in which we deal with other ENTITIES, What is A4V: we can for one claim our use of the Acceptance for Value ( A4V ) or Conditional Acceptance for Value ( CA4V ) endorsements, which are qualified endorsements. Claiming your Full Redemption and indeed Ascension is where you are headed, as you start to absorb and understand the value of such to Your Life, Your Liberty, Your Pursuit of Happiness and Your Prosterity And So It Is ACCEPTED!
WHAT DOES AN “ACCEPTANCE FOR VALUE” REALLY MEAN?
