PRECEDENT COURT CASE RULING THAT IBOE AND PN ARE CASH FUNDS

 Fielding and Platt v. Nijjar [1969] 1 WLR 361, per Lord Denning MR, “We have repeatedly said in this court that a Bill of Exchange or Promissory Note is to be treated as cash. It is to be honoured unless there is some good reason to the contrary”.

In 1836 Article IV Section 13 of the CONSTITUTION OF TEXAS incorporated ENGLISH COMMON LAW as authority for Texas