Study Guide to accompany Agency & Trusts

On the one hand, the invitation is to be instruments in the Lord's hands. On the other, it is to be agents unto ourselves.

A musical instrument makes music only in the hands of a musician; a surgical instrument can do nothing unless it is controlled by a surgeon.

Negotiable instrument

A negotiable instrument is a signed document that promises a payment to a specified person or assignee. Negotiable instruments are transferable, which allows the recipient to take the funds as cash, then use them as preferred. Examples of negotiable instruments include checks, money orders, and promissory notes. commercial paper

Agency (nouns)

All of these.

An instrument submits to the will of its master.

An instrument does not act for itself; it cannot accomplish any work of its own volition.

https://www.churchofjesuschrist.org/study/ensign/2019/04/instruments-or-agents?lang=eng

Instruments or Agents biblically article.

Non-negotiable instrument

Non-negotiable securities and products are those that cannot be transferred from one party to the next. An example of a non-negotiable instrument, also referred to as a non-marketable instrument, would be a government savings bond.

Property

Property is any item that a person or a business has legal title over. Property can be tangible items, such as houses, cars, or appliances, or it can refer to intangible items that carry the promise of future worth, such as stock and bond certificates.

Real property

Real estate is land at, above, and below the earth's surface, including everything permanently attached to it, whether natural or artificial. Real property is everything included in real estate, plus the rights of ownership, including the right to possess, sell, lease, and enjoy the land.

Instrument

a formal document, especially a legal one. (legal) A legal document, such as a contract, deed, trust, mortgage, power, indenture, or will.A bond indenture is the instrument that gives a bond its value.Negotiable instruments are the foundation of the debt markets. (figuratively) A person used as a mere tool for achieving a goal. * Shakespeare Or useful serving man and instrument , / To any sovereign state.

Principle

a fundamental source or basis of something. A truth, a rule a law.

A deed of trust involves three parties:

a lender, a borrower, and a trustee. https://www.law.cornell.edu/wex/deed_of_trust

§ 3-103. DEFINITIONS

https://www.law.cornell.edu/ucc/3/3-103

§ 3-104. NEGOTIABLE INSTRUMENT

https://www.law.cornell.edu/ucc/3/3-104

§ 3-105. ISSUE OF INSTRUMENT

https://www.law.cornell.edu/ucc/3/3-105

Deed of Trust (Trust Deed)

https://www.law.cornell.edu/wex/deed_of_trust

Countermand

revoke (an order) debtor can revoke an order

Conveyance

the action or process of transporting someone or something from one place to another. the legal process of transferring property from one owner to another.

If a representative (an agent) signs a commercial instrument on behalf of a the represented person or business (the principal), the principal is bound and made liable by the representative signing either the principals name or the agents name. The representative is not liable on the instrument if:

the form of the signature shows unambiguously that the signature is made on behalf of the represented person, and the instrument identifies the represented person.

"How are we to be both a submissive instrument and a proactive agent?"

when God gives us a commandment, He is not taking away our agency but giving us an opportunity to exercise it, by either obeying or disobeying. Those options are not available if we do not have commandments (see 2 Nephi 2:16; Doctrine and Covenants 29:39).