Method for guaranteeing remuneration received by the owner when

Details Method for guaranteeing remuneration received by the owner when Method for guaranteeing remuneration received by the owner when

1997-11-24

2000-01-11

Hafer, Robert A.

Education and demonstration

Business or economics

G09B 1918

Patent

active

060129255

ABSTRACT:
This invention is directed toward a method of doing business, wherein a first entity, referred to as the Secondary Guarantor, engages in the business of providing and evaluating financial guarantees by way of a joint venture or other arrangement with a second entity, hereafter referred to as the Primary Guarantor, authorized by the appropriate authorities to engage in the writing of financial guarantees. These entities combine to form the "guarantor" or the "company". The guarantee is preferably sold by the secondary guarantor entity to an owner of a product or commodity, and guarantees that the owner will obtain a remuneration subsidy or "settlement" for the product or commodity at the time of sale, should the sale price be below the cost to produce the product or commodity. The invention is more particularly directed to guaranteeing the owner of cattle, or more specifically the "feeder" of cattle, an established remuneration subsidy at the time of the sale of the cattle at a price below the cost to produce the marketed cattle.

REFERENCES:
In re Schrader (CA FC) --30 USPQ 2d 1754, pp. 1-9, Aug. 1994.
Sate Street Bank and Trust Co. vs. Signature Financial Group Inc. (DC Mass) --38 USPQ 2d 1530, pp. 1-2, Mar. 1996.
E Parte Murray, 9 USPQ2d 1819 (BdPatApp&Int), pp. 1-7, Dec. 1988.
Simone et al., "Canada's GRIP program: a boon for Canada's wheat producers?", Situation and Outlook Report. Wheat, n293, p24(8), May 1991.

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