If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#21
|
|||
|
|||
All banknotes to have a 2D barcode?
Am Sat, 15 Jul 2006 01:43:01 -0700 schrieb Dave:
2D barcode technology is well developed and used for example in franking machines. There may be reasons why not to introduce the technology such as to let dollar bills be the currency of corruption. Dave. Sorry, I just thought that RDIF tags could have a similar function- if they could be given a unique signiature. Do you mean RFID tags? regards -- Sven Konietzko http://www.alheris.de |
Ads |
#22
|
|||
|
|||
All banknotes to have a 2D barcode?
John Boyle wrote: In message . com, Dave writes John Boyle wrote: In message .com, Dave writes So if I got 5K in cash to buy a car at an auction, got the serial numbers, and was robbed, if the money turned up at a bank 3 months later I would have lost ownership? In many respect bank notes are like bills of exchange in which title passes by delivery. A subsequent holder of the note would obtain good title especially if he had given value for it. This doesn't seem right, My point was that the title may have been obtained illegally (e.g. street robbery), so the original holder should retain title. No, a subsequent holder of a bill can develop the paramount title as a 'holder in due course' so long as the bill carries no restrictive crossing and so long as it is taken in good faith by the holder without any notice of a defect in title of the transferor and for value and therefore oit is possible for the holder to acquire a better title than the transferor. It sounds like an essay for a law student. Quite. the point about bank notes is covered quite explicitly in Miller v Race in which a bank refused to honour one of its notes that had been stolen and had subsequently found its way to the plaintiff who acquired it quite legitimately and in good faith. It was held that the bank was still liable to the plaintiff on the note. -- John Boyle Thank you for your informative post. This leads onto a couple of issues, the first of which may be worthy of a top level post in uk.legal. What about other countries in Europe do they all apply the same ruling? i.e. harmonization of case law across the EU. This may be especially relevant if the UK starts using the Euro. Miller v Race was in 1758, so presumably the ruling applies to the US as well. However this was in the days of the gold standard, and could be outdated. Today money is just a general swindle so a modern jury or judge may find that both parties have a valid claim and should be paid equally to the full amount. Is the only way to overturn case law to pass an act of parliament? |
#23
|
|||
|
|||
All banknotes to have a 2D barcode?
In message .com, Dave
writes This leads onto a couple of issues, the first of which may be worthy of a top level post in uk.legal. What about other countries in Europe do they all apply the same ruling? I have no idea I'm afraid! Except the basis of this are the Bills of Exchange Acts which are generally in harmony. i.e. harmonization of case law across the EU. This may be especially relevant if the UK starts using the Euro. Yes. I am no sure of the status of a 'euro'. Miller v Race was in 1758, so presumably the ruling applies to the US as well. However this was in the days of the gold standard, and could be outdated. I dont think us now having a fiduciary issue effects the underlying principles which is that as applied to Negotiable Instruments. Similarly, I think the concept of 'legal tender' is also irrelevant, Today money is just a general swindle so a modern jury or judge may find that both parties have a valid claim and should be paid equally to the full amount. Hmm, I think this is bringing back the question 'are we talking about the theft of a piece of paper or the theft of monetary value?'. If the first, then I would agree with you, if the latter, then I wouldnt. I like the latter line the best. Is the only way to overturn case law to pass an act of parliament? No,there can be further precedents. -- John Boyle |
#24
|
|||
|
|||
All banknotes to have a 2D barcode?
Sven Konietzko wrote: Am Sat, 15 Jul 2006 01:43:01 -0700 schrieb Dave: 2D barcode technology is well developed and used for example in franking machines. There may be reasons why not to introduce the technology such as to let dollar bills be the currency of corruption. Dave. Sorry, I just thought that RDIF tags could have a similar function- if they could be given a unique signiature. Do you mean RFID tags? Yes. |
#25
|
|||
|
|||
All banknotes to have a 2D barcode?
On Sun, 16 Jul 2006 15:24:21 +0100, Joe Random wrote:
Dave wrote: Sorry, I just thought that RDIF tags could have a similar function- if they could be given a unique signiature. RDIF tags? Have never heard of them. Could you elaborate? Joe R. The proper acronym is probably "RFID", standing for Radio Frequency IDentification. These are small rice-sized units which are surrounded by a flat coil antenna. I don't know if bills could hold them or not, though it's theoretically possible. Cards can hold them easily; I've got one now for access into my workplace, for example. By construction all RFID tags should have a unique code. (Admittedly, there's no real simple way to verify this.) The plan is to tag everything in a warehouse or store with such a tag, which would simplify inventory control. It also leads to some interesting and rather troubling questions -- such as how does one really know that the RFID sitting in one's shirt has been truly deactivated? (Assuming the RFID's in the actual *shirt*, as opposed to the plastic ink-protector unit designed to spray ink all over the fabric if removed without the special tool.) -- #191, It's still legal to go .sigless. |
#26
|
|||
|
|||
All banknotes to have a 2D barcode?
In article .com "Dave" writes:
John Boyle wrote: .... Quite. the point about bank notes is covered quite explicitly in Miller v Race in which a bank refused to honour one of its notes that had been stolen and had subsequently found its way to the plaintiff who acquired it quite legitimately and in good faith. It was held that the bank was still liable to the plaintiff on the note. Thank you for your informative post. This leads onto a couple of issues, the first of which may be worthy of a top level post in uk.legal. What about other countries in Europe do they all apply the same ruling? i.e. harmonization of case law across the EU. This may be especially relevant if the UK starts using the Euro. I know that in the Netherlands, when you come in possession of stolen goods and can show good faith, that you are the legitimate owner of the article, irrespective of the article, so it can be a banknote. Just about a year back in Amsterdam there was a similar case. A woman was found in possession of a bicycle that had been reported as stolen. She was able to show (convincing enough) that they had not bought the bicycle from a junk for a low price, but that she had bought it as a second-hand bicycle in a bicycle-shop. So she was legitimate owner of it, because buying in a shop is considered to be in good faith. But, on the other hand, there is nearly no harmonisation of case law across the EU. In the Netherlands it is based on common law that basically derives from the Code Napoleon. -- dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131 home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/ |
#27
|
|||
|
|||
All banknotes to have a 2D barcode?
The Ghost In The Machine wrote:
On Sun, 16 Jul 2006 15:24:21 +0100, Joe Random wrote: Dave wrote: Sorry, I just thought that RDIF tags could have a similar function- if they could be given a unique signiature. RDIF tags? Have never heard of them. Could you elaborate? Joe R. The proper acronym is probably "RFID", standing for Radio Frequency IDentification. These are small rice-sized units which are surrounded by a flat coil antenna. I don't know if bills could hold them or not, though it's theoretically possible. Cards can hold them easily; I've got one now for access into my workplace, for example. By construction all RFID tags should have a unique code. (Admittedly, there's no real simple way to verify this.) The plan is to tag everything in a warehouse or store with such a tag, which would simplify inventory control. It also leads to some interesting and rather troubling questions -- such as how does one really know that the RFID sitting in one's shirt has been truly deactivated? (Assuming the RFID's in the actual *shirt*, as opposed to the plastic ink-protector unit designed to spray ink all over the fabric if removed without the special tool.) RFID tags cost around 5 cents and are not very flexible mechanically. What's wrong with the free barcode. john2 |
#28
|
|||
|
|||
All banknotes to have a 2D barcode?
"Virgils Ghost" wrote in message
. .. The ECB are looking into RFID, I think it should have been in place by now. Here you go folks :- http://news.bbc.co.uk/1/hi/technology/5186650.stm |
#29
|
|||
|
|||
All banknotes to have a 2D barcode?
On Mon, 17 Jul 2006 14:35:09 +0100, Virgils Ghost wrote:
"Virgils Ghost" wrote in message . .. The ECB are looking into RFID, I think it should have been in place by now. Here you go folks :- http://news.bbc.co.uk/1/hi/technology/5186650.stm A dollar to protect a 2 dollar note? -- http://www.petersparrots.com http://www.insanevideoclips.com http://www.petersphotos.com A farmer drives his tractor away from the homestead when half a mile later his brake cable snaps. He sees his wife on the porch and manages to catch her attention but is unable to make her hear what he is shouting. However, he thinks she should understand what he wants if he uses sign language. So he raises his hand above his head and starts to operate an imaginary pair of pliers, then opens and shuts an imaginary cupboard door and then puts the tips of his fingers together to indicate a shed roof. His wife waves to him and then grasps both her breasts, then grabs her crotch and lastly lifts both her buttocks. "Stupid woman", he mutters to himself. "Hasn't understood a thing". So he repeats his signals, but gets the same response. Exasperated, he walks back to the homestead ready to berate his wife. "Didn't you understand a damn thing?' he asks. "Yes", she says, "you wanted a pair of pliers from the cupboard in the shed. But what I was telling you was that there is a pair in the toolbox under the seat." |
#30
|
|||
|
|||
All banknotes to have a 2D barcode?
On Mon, 17 Jul 2006 00:25:10 GMT, "Dik T. Winter"
wrote: I know that in the Netherlands, when you come in possession of stolen goods and can show good faith, that you are the legitimate owner of the article, irrespective of the article, so it can be a banknote. Just about a year back in Amsterdam there was a similar case. A woman was found in possession of a bicycle that had been reported as stolen. She was able to show (convincing enough) that they had not bought the bicycle from a junk for a low price, but that she had bought it as a second-hand bicycle in a bicycle-shop. So she was legitimate owner of it, because buying in a shop is considered to be in good faith. That sounds like a reasonable argument for her not to be prosecuted for being in possession of stolen goods. What surprises me is that she was also then considered the legitimate owner. Presumably the original owner who it was stolen from was denied that status. Chris |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Banknotes | fedrsrv$ | Paper Money | 0 | September 1st 04 07:47 PM |
Trichet signature on Euro banknotes | Arwel Parry | Paper Money | 1 | May 4th 04 07:39 AM |