The “Consumer” is a “Debtor” and “Ens Legis”: UCC § 9-102 and the Debt-Transmitting Utility Framework
A consumer debtor under UCC § 9-102 is a public entity and debt-transmitting utility vehicle, not a sovereign individual. As an ens legis, the consumer functions as a debtor in a system where all transactions are based on debt, per public law and policy. Since the removal of gold-backed currency (HJR-192, 1933), consumers operate within…
