Fancy Using A Promissory Note To Pay Your Mortgage?

in #infowars10 days ago


The Bills of Exchange Act 1882 was recently invoked to pay off a mortgage. The UK statute was relied on in a case involving a lady who had fallen behind with her mortgage payments due to no fault of her own, she was represented by her brother David Walsh.

It's established case law in the UK that all Bills of Exchanges and Promissory Notes are to be treated like cash and honoured as such, unless there is a good reason to the contrary.

Mr. Walsh argued that the debt of exchange had been delivered to the bank in accordance with statutory rules.

The court had no option but to refer the case to a circuit judge. This was a case from 2014. It's still on going -