A Summary UCC Article 3, Negotiable Instruments and Article 4, Bank Deposits.

A uniform act has governed negotiable instruments for a 100 plus years. The initial Negotiable Instruments Law was promulgated by the ULC in 1896. It was the law of the land before the first decade of the 20th Century ended. It remained the law of the land until the Uniform Commercial Code was promulgated, initially in 1951. The old NIL was incorporated into Uniform Commercial Code (UCC), Articles 3 and 4. Article 3 is called “Negotiable Instruments” and is fundamental law to all negotiable instruments. Article 4 is entitled “Bank Deposits and Collections” but is more familiarly thought of as the law of checks. A check is a negotiable instrument drawn on a “bank.” It is subject to the rules of Article 3, but Article 4 provides specific rules that apply to checks as negotiable instruments in the banking system. Continue reading “A Summary UCC Article 3, Negotiable Instruments and Article 4, Bank Deposits.”

Force vs Violence

Force

  • The capacity to do work or cause physical change. Energy, Strength, Active Power.
  • Voluntary action based in morality and Natural Law.
  • Action which one always possesses the Right to take.
  • Does not violate another’s  Natural Law Rights.

Violence

  • The immoral use of physical power (force) to coerce, compel or restrain.
  • Imitation and use of coercive action which is not based in morality and Natural Law.
  • Action which one never possesses the Right to take.
  • Always involves the violation of another’s Natural Law Rights.

Force is always nested in right and violence is always nested in wrong.

We have a right to use any amount of force to put down an attacker trying to cause harm to us. Continue reading “Force vs Violence”

Natural Law

Natural law what is it?

Natural law is a term used to describe the way I have felt my whole life but could not put my finger on. Not until I heard Mark Passio seminar on Natural Law.

Some may characterize my disdain for being told what to do as “a problem with authority”. Come to think about it that true however it’s the why that unlocks understanding and will lead to freedom. Continue reading “Natural Law”