Endorsement's, goes along way... Testimony (on a record, of a court), for instance, is a endorsement and most people don't know that... Endorsing a bill (via congress or the state) is a endorsement.. A signature (made by your hand) is a endorsement..
So, what exactly, can you do with a endorsement?
You can 'sell it' (for income), you can 'buy it' (with credit or debit/form of payment like credit/debit cards), you can sign for a conviction, you can sign by default (like, offering your signature to the court as payment for a bond or offering it to the court as a signatured party), you can create credit out of thin air (buying a mortgage or a demand for payment), you can increase your worth (by selling your idea's, you sign for), you can bond yourself out of jail or agree to the term's and condition of probation, all with your signature..
Now, what can you do to PROVOKE the revocation of your signature and to keep it from harming you? Well, signature place's like, "Mark Gilmore Without Recourse" mean's, you leave NO ROOM and do not ALLOW the creation of liability in YOUR name.. Look here: http://www.moneyservicesbusiness.com/MSBServices/CheckCashing/Endorsements/Endorsements.html You notice, under 'Qualified Endorsement' it explain's, that a bank that is handed a check with, 'without recourse' SHOULD NOT, be acceptable..
Because, that leave's the BURDEN OF PAYMENT on the bank! Thats right... The bank would be LIABLE for their OWN MONEY! If they endorse it and it isn't payable (exchangeable as payment) from the federal reserve bank that, pay's them fee's to collect on interest payment's (the fed supposedly loan them money, with little or no interest, at all), the only thing the bank can do, is: write it off..
What about, in court? How would you plead?
If you state, "on and for the record, I plead not gulity without recourse and with prejudice... do you understand, my pleadings, your honor?" For him or her (judge) to say ''yes" is as good as stating, 'you aren't liable for this crime AND you plea, with not be used again, in this case...'
Why wouldn't your "pleading" be used in this case, again? Look here: https://www.apps-saccourt.com/scc/help/pages/glossary.htm
With Prejudice is another nice tool to USE in that type of situation because, what it really mean's is, YOUR CLAIM (e.g. not guilty without recourse and with prejudice) AGAIN, place's the burden on the state to CREATE a new way to find you liable for the crime. Your CLAIM CAN NOT be used against you, in other words..
Does this go for civil court, as well?
Yes... It isn't HOW you use it, its WHEN you use it! The judge may make a statement like, "so, do you intend on paying this debt?" and you respond, "on and for the record, yeah, I [name/remember to ENDORSE the record!], with pay $XX,XXX.xx to [plaintiff] without recourse and with prejudice..." Any time something is in "question", is the BEST TIME to use your limited liability "status"...
Their are other "instances" that, it can be used like, having to testify... Say, your on the stand and asked to answer a question.. When you answer at the beinging or the end, of each answer some come 'without recourse and with prejudice'... WARNING: Be careful because, they will try and TRICK YOU into anwsering the same question under the 'cloak' of the ORIGINAL question.... Tricking is their LIFE and a big piece of their GAME!
The magnitude of LLtoaC (i.e. Limited Liability to a Company) is as big as, using your signature, to buy donuts for a group of hunger vet's, in your neighborhood or using your signature as Parent Guidance, for your daughter or son, to take on the family's financials.. The 'benefits' of these words after a signature has more to do with money then, anything else but, here are just a few:
An old partner, I use to be in business, bailed himself out of jail when the judge "offered" him a bail of $40k on 35 tickets (I know, crazy!!).. He stated, right after the judge gave the bond amount, "I accept the bond amount, on my signature of the asking price of $40k (thousand) without recourse and with prejudice..." He walked out, that late afternoon..
An old neighbor of mine, no longer pay's tax's. When audited, he said, he was shaking like a crack smoker looking for a fix (kidding!) and when they went over his checks, they NOTICED what he was writing on them. He had already, on my instruction's, been sending in copies of his checks after, he received them. He was handed a check for almost the ENTIRE DIFFERENCE of the amount he paid, the prior, year..
A recent (of 2 weeks ago) client of mine, has beat the courts in their applications, to have him pay for child support. The amount is unreasonable, the plaintiff was egged on by the mother to 'force him to pay or send him to jail'. He has been paying her but, she now realize's, the court will HAND HER just-ice (justice), at this time. I inclined myself to SHOW HER she would LOSE and time, was not on her side. They are again, in discussion on HOW he will pay on a pizza hut, salary..
Their are plenty of example's and lots of case's, I have done (just got back into the commercialized game, myself!) but, most of the history I have, with helping or restraining the POWER, for other's, has been a joy!
The Man- Politics & MoneY
Reference's of the discussion: