We've all played the game monopoly. The premise of Monopoly, is to bankrupt other players, or the last man standing wins. This is known in commerce, as a tontine wagering scheme.*

*Tontine wagering scheme:

A financial arrangement in which a group of participants share in the arrangement's advantages until all but one has died or defaulted, at which time the whole goes to that survivor.

Understand, that this is the sole principal in our daily lives. We are all playing the game of Monopoly. We all are lent fiat, like Monopoly we try to acquire wares with the fiat. I have tried unsuccessfully in past series to demonstrate how money is lent into circulation by federal reserve and how federal reserve extends credit from certified notes. Like Monopoly, its impossible to have all the money and equally impossible to "stretch it out." In the past, I've stated that giving contributions to IRS is voluntary. This applies to everything, you have to consent.

Volunteering and your consent

As American nationals we are subjected to voluntary instruments. To simplify this Im going to use two examples.

Example 1

When a child is born the certificate* is produced noting the vital statistics regarding birth. Parents voluntarily, put their signatures on the certificate and are made liable until a certain age is reached on your part. The State then issues a copy of this to the parents, spelling your name in all caps. This is your artificial name, "corporate name" if you will.

Example 2

Youre going into a store, shopping or whatever. You decide to pay with cheque. So, you sign the cheque for the amount. Because youre signing your signature to the cheque your accepting liability for your "corporate self."

Herein is the problem, individuals are volunteering themselves to accept liability for the "corporate account" created. Everyone does this, every day to a certain extent. Although, at times the instrument or record is often difficult to recognize as being such.

Indorsement and the three parties

Let's take a look at UCC §3-204 and get some definitions so that following quotes will prove relevant.

Indorsement:

means a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made on an instrument for the purpose of (i) negotiating the instrument, (ii) restricting payment of the instrument, or (iii) incurring indorser's liability on the instrument, but regardless of the intent of the signer, a signature and its accompanying words is an indorsement unless the accompanying words, terms of the instrument, place of the signature, or other circumstances unambiguously indicate that the signature was made for a purpose other than indorsement. For the purpose of determining whether a signature is made on an instrument, a paper affixed to the instrument is a part of the instrument.

Maker:

a person named specifically in an instrument or signs as such

Drawer:

a person named specifically in a draft or signs as such ordering payment

Acceptor:

means a drawee that accepts a draft

drawee:

Person ordered into a draft to accept payment

From this we can derive indorser.

And yet under UCC 3-205 we read:

If an indorsement is made by the holder of an instrument, whether payable to an identified person or payable to bearer, and the indorsement identifies a person to whom it makes the instrument payable, it is a "special indorsement." When specially indorsed, an instrument becomes payable to the identified person and may be negotiated only by the indorsement of that person....

I know all this may seem daunting. But think about it this way. Everything that requires a signature. I MEAN EVERYTHING. Is an instrument. And unless you designate the signature as different then your "corporate" name the signature will be deemed an anamolous indorsement.

Anamolous indorsement:

an indorsement made by an individual who is not the holder of the instrument.

Accomodation Party:

accomodation party is a party that is not benefitting from the signature, not a maker, not a drawer, not an acceptor. Think of this party as like signing your childs absent note. *you do not directly benefit, but unless otherwise designated in your signature you're liable by default.