From @El Hotepsekhemwy Pero : "LEGAL TENDER DEFINED The primary basis for counterclaims is that all commercial instruments such as promissory notes, credit agreements, bills of exchange and checks are defined as legal tender, or money, by the statutes such as 12 USC 1813(a)(1), UCC §1-201(24), §3-104, §8-102(9), §§9-102(9), (11), (12)(B), (49), (64). Legal tender under the Uniform Commercial Code (U.C.C.), Section 1-201(24) (Official Comment); “The referenced Official Comment notes that the definition of money is not limited to legal tender under the U.C.C. The test adopted is that of sanction of government, whether by authorization before issue or adoption afterward, which recognizes the circulating medium as a part of the official currency of that government. The narrow view that money is limited to legal tender is rejected.” This speaks of "species"... see: The Coffee Bean Case... [Michigan] In light of the holding of Guaranty Trust Company vs. Henwood, 307 U.S. 247 (1939), a Federal US court of appeals ruled on Title 31 USC 5118. As of October 27, 1977, legal tender for discharge of debt is no longer required. That is because legal tender is not in circulation >>> at <<<>>> par <<<>>> with <<< promises to pay >>> credit <<<. Requirement of repayment of debt is against Public Policy, since legal tender was not loaned [nor in circulation] they can not demand payment in any [particular] form of coin or currency or legal tender and repayment [or payment] need only be made in equivalent kind; A negotiable instrument. That such as a "promissory note"; "letter of credit" etc... CERTIFICATION OF BIRTH, IS THE ACT OF CERTIFYING, PROCEEDING FROM DEPARTMENT OF HEALTH, REGISTRAR AGENT, TO BEAR A MUTUAL CONVERSE, IN REGARD TO A TRANSFER FROM INTEREST, TO ENGAGE, IN GIVE A SHARE, OF PAR VALUE EQUIVALENCE, WITHOUT DISCOUNT, TO DEDUCT A CERTAIN SUM OR RATE PER CENT BY THE HUNDRED, FROM THE PRINCIPAL SUM OR PREMIUM BOUNTY, SOMETIMES SYNONYMOUS WITH INTEREST, BUT GENERALLY IN OBTAINING LOANS, IT IS A SUM PER CENT BY THE HUNDRED, DISTINCT FROM THE INTEREST, AS A QUANTITY OF PROMISSORY NOTE CURRENCY: EXPORT U. S. NOTE AT PAR, AND IMPORT FEDERAL RESERVE NOTE BY FACE." #LegalTender #MoneyTalk #promissorynotes #federalreservesystem

Posted by MalikaDulce at 2020-10-21 23:49:50 UTC