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7 - Wording For Accepting Future Offers of Contract

The document provides instructions for how to properly respond to an unwanted offer of contract using an established Private Exemption Account. It explains that past attempts using bonds failed because proper routing instructions and an established account were missing. It then provides the exact wording to write on the returned offer, including routing the item through the Private Exemption Account at the Department of the Treasury, crediting and further crediting the appropriate accounts. This completes the necessary routing instructions to offset the billing using the exemption account.

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17K views1 page

7 - Wording For Accepting Future Offers of Contract

The document provides instructions for how to properly respond to an unwanted offer of contract using an established Private Exemption Account. It explains that past attempts using bonds failed because proper routing instructions and an established account were missing. It then provides the exact wording to write on the returned offer, including routing the item through the Private Exemption Account at the Department of the Treasury, crediting and further crediting the appropriate accounts. This completes the necessary routing instructions to offset the billing using the exemption account.

Uploaded by

api-3744408
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Accepting a Future Offer of Contract

Now that your Private Exemption Account has been duly established (after 30 days has elapsed), let's
suppose you receive an offer of contract you don't wish to be a party to. You've tried sending bonds in
the past, but they didn't work. Why? Because you didn't give proper routing instruction in your
Acceptance for Value statement and/or your exemption account wasn't duly established.

If you write a check, the drawee has to know where he is going to get his "money". He sees that if he
takes the check to XYZ Bank, they will cash the check. The Bank looks at the check and sees an
account number they can debit, so the pay the check. The same thing goes for your exemption. The
Department of the Treasury has to know what account to debit in order to pay the drawee. Thus, here
is the proper wording to be written across an offer of contract you are returning for "offset" (not
"discharge"):

The proper wording to be written across the offer of contract:

Accepted For Value and Returned For Value Without Dishonor


Please offset this billing by routing through and ledgering against the
Private Exemption Account of: John-William: Doe,
Private Offset Account Number: 123456789
at the Department of the Treasury
For Credit to: ___(whoever offered the contract)____
For Further Credit to the Account of: DOE, JOHN W, I.D. No. 123-45-6789
By: John-William: Doe, Principal, Secured Party and Creditor in Commerce
U.S.P.S. Registered Mail Tracking number: RR 111 222 333 US
Certificate of Birth Number: _______
August ___, A. D. 2007
All Property Exempt From Levy
All Rights reserved

The above wording tells the drawee's bank to send this item to the Department of the Treasury, and
which account the Treasury is to debit, and what entity to credit, and for further credit to the strawman's
account. This completes the routing instructions that are needed.

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