[177] in Cypherpunks
Tough Choices: PGP vs. RSA Data Security
daemon@ATHENA.MIT.EDU (Eric Hughes)
Mon May 3 12:08:36 1993
Date: Mon, 3 May 93 08:44:37 -0700
From: Eric Hughes <hughes@soda.berkeley.edu>
To: cypherpunks@toad.com
In-Reply-To: hkhenson@cup.portal.com's message of Thu, 29 Apr 93 13:59:50 PDT <9304291359.1.6025@cup.portal.com>
>re paying a reasonable license fee, I wonder if RSA would cash my check
>for (say) $10 if I wrote on the check that it was for a license for
>whatever they might claim on PGP.
RSA might try to cash such a check, but if their bank is smart they
won't accept it. A check is not negotiable if it contains a
condition. Negotiable means it can be bought or sold. If the check
is not negotiable then it can't properly be processed by the check
clearing house, since that would require a negotiation. Only if the
check were drawn on RSADSI's bank would such a check be depositable,
since then your order to pay is being made to the same entity which is
receiving the check.
>One wonders what they would do with
>several hundred checks.
Return them, I would suppose.
Eric
