Why Is Word "Grantor" Used When Indorsing Lawful Money For Personal Accounts
A grantor on any account means the person who is or who may become obligated to grantor. This is why "grantor" is used to indorse any checks in lawful money for any income received as an individual.
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Does Lawful Money Work With An Interest Bearing or Savings Account
Yes. Lawful money is the redemption of the currency used and is not based on the type of bank account.
Why Can’t One Get Gold for My Lawful Money Demand?
Federal Reserve notes serve as lawful money upon demand, the bank will not give one any other kind of money: US Bank Notes, Gold Certificates, Silver Certificates, stamps or united States Postal money orders. Do not ask for any special form, many ...
Income Taxes and Lawful Money
Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...
Does Lawful Money Need A Special Bank Account
No, lawful money redemption can be utilized in any form of bank account.
Can A Bank Refuse to Keep My Account Open Because of A ‘Lawful Money Demand’?
No! All banks (federal, state, public) have a fiduciary responsibility to their shareholders. While there is a clause that permits the bank to close down accounts for any reason – legally they cannot exercise that option unless they are losing money ...