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Originally Posted by jcsmjd
Granted that FRN's are worthless; however, notice on most deeds of trusts the dollar is referenced...or US DOLLARS. Now, if a man/woman puts their hand to that paperwork, then consideration has taken place by direct testimony, albeit out of ignorance, however, apparently dollars were exchanged.
1792 coinage act defines a dollar. A dollar is REAL substance. I have yet to see any deed or deed of trust reference a FRN. Have you?
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Yeah, that is exactly what I mean. A dollar is merely a measurement of substance, not the note, so how does the FRN measure up?