Equity and Trusts: Covenant Flashcards and Quiz

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Why should you be subject and pay taxes?

Because of conscience

What does the text suggest you should do in order to express your Will for and on the Public Record?

Submit a written declaration

Under whose administration should the Law of the expressed Trust be subject to?

The New Covenant

According to The Maxim of Equity, what does 'Aequitas agit in personam' mean?

Equity acts upon the person Signup and view all the answers

According to the Internal Revenue Manual, what is an infant in the context of an estate or trust?

The decedent of an estate Signup and view all the answers

Why has the infant not yet received an SSN according to the text?

The Social Security Trust has never been expressed Signup and view all the answers

What is the purpose of expressing a Trust for the PERSON in the public?

To maintain good standing and reputation for being a keeper of the peace Signup and view all the answers

What is the consequence of not expressing a Will for the PERSONA in the public?

The Estate remains abandoned Signup and view all the answers

Why is it necessary to keep the private and the public separate?

To prevent commingling and trespass Signup and view all the answers

What is the ultimate status of the PERSONA recognized as a Peacemaker?

DO NOT DETAIN, RELEASE IMMEDIATELY Signup and view all the answers

What is the purpose of the Internal Revenue Service (IRS)?

To protect the integrity of the Public Trust Signup and view all the answers

What is the duty of the Heir and Beneficiary?

To get along with the administrators of the Public Trust Signup and view all the answers

What is the only debt that mankind owes?

The debt to love one another Signup and view all the answers

What is the purpose of using private credit correctly?

To protect the Public Trust from public debt Signup and view all the answers

Why is Equity considered to be King?

Equity stands alone and is just and righteous Signup and view all the answers

What is the difference between an Expressed Trust and an Implied Trust?

An Expressed Trust is created with an Expressed Will and Intent of the Grantor, while an Implied Trust is not Signup and view all the answers

Who is responsible for expressing the Trust upon reaching the Age of Majority?

The individual Signup and view all the answers

What happens if the Trust is never expressed?

One falls under the administrations of the Old Covenant Signup and view all the answers

What is the purpose of the Internal Revenue Service (IRS)?

To extinguish all public debt Signup and view all the answers

What is the ultimate status of the PERSONA recognized as a Peacemaker?

Surety Signup and view all the answers

What does the Maxim of Equity 'Aequitas agit in personam' mean?

Equity is everything, even without the Law Signup and view all the answers

What is the only debt that mankind owes?

Debt to love one another Signup and view all the answers

What is one reason why you should be subject and pay taxes?

To keep the public trust free from debt Signup and view all the answers

What is the purpose of expressing a Trust for the PERSONA in the public, according to the text?

To avoid being prosecuted by the carnal mind Signup and view all the answers

What is the ultimate status of the PERSONA recognized as a Peacemaker?

A Joint Heir WITH the Heir of ALL things Signup and view all the answers

Why is it necessary to express a Will for the PERSON in the public?

To avoid commingling and trespass between the private and public Signup and view all the answers

What happens if the Will of the Grantor is not filed and/or noticed in connection with the SS-5 Form?

The PERSON remains with infant status Signup and view all the answers

Why does the text suggest that one needs a PERSON to act as debtor in public?

To ensure that no debt is left in the public Signup and view all the answers

What is the consequence of ignoring the administration of the PUBLIC TRUST?

Loss of good standing and reputation for being a keeper of the peace Signup and view all the answers

Why is Equity considered to be King?

Because Equity is the only way the Law can be fulfilled Signup and view all the answers

What is the consequence of not expressing a Trust for the PERSONA in the public?

The Trust will be deemed Implied and subject to the governance and administration of the United States Signup and view all the answers

Who is responsible for expressing the Trust upon reaching the Age of Majority?

The individual who has reached the Age of Majority Signup and view all the answers

What is the purpose of using private credit correctly according to the text?

To fulfill the Law through Equity Signup and view all the answers

According to The Maxim of Equity, what does Aequitas agit in personam mean in English?

Equity acts upon the person Signup and view all the answers

What is the focus of Equity according to the text?

Property Signup and view all the answers

Why is money considered debt?

Because it is evidence of the carnal mind Signup and view all the answers

According to The Maxim of Equity, what is the focus of equity?

Property Signup and view all the answers

According to the Internal Revenue Manual, what is an infant in the context of an estate or trust?

A child who has not yet received an SSN Signup and view all the answers

Why has the infant not yet received an SSN according to the text?

The Social Security Trust has never been expressed Signup and view all the answers

Study Notes

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Equity+Trust=Covenant Quiz

Questions and Answers

Why should you be subject and pay taxes?

What does the text suggest you should do in order to express your Will for and on the Public Record?

Under whose administration should the Law of the expressed Trust be subject to?

According to The Maxim of Equity, what does 'Aequitas agit in personam' mean?

According to the Internal Revenue Manual, what is an infant in the context of an estate or trust?

Why has the infant not yet received an SSN according to the text?

What is the purpose of expressing a Trust for the PERSON in the public?

What is the consequence of not expressing a Will for the PERSONA in the public?

Why is it necessary to keep the private and the public separate?

What is the ultimate status of the PERSONA recognized as a Peacemaker?

What is the purpose of the Internal Revenue Service (IRS)?

What is the duty of the Heir and Beneficiary?

What is the only debt that mankind owes?

What is the purpose of using private credit correctly?

Why is Equity considered to be King?

What is the difference between an Expressed Trust and an Implied Trust?

Who is responsible for expressing the Trust upon reaching the Age of Majority?

What happens if the Trust is never expressed?

What is the purpose of the Internal Revenue Service (IRS)?

What is the ultimate status of the PERSONA recognized as a Peacemaker?

What does the Maxim of Equity 'Aequitas agit in personam' mean?

What is the only debt that mankind owes?

What is one reason why you should be subject and pay taxes?

What is the purpose of expressing a Trust for the PERSONA in the public, according to the text?

What is the ultimate status of the PERSONA recognized as a Peacemaker?

Why is it necessary to express a Will for the PERSON in the public?

What happens if the Will of the Grantor is not filed and/or noticed in connection with the SS-5 Form?

Why does the text suggest that one needs a PERSON to act as debtor in public?

What is the consequence of ignoring the administration of the PUBLIC TRUST?

Why is Equity considered to be King?

What is the consequence of not expressing a Trust for the PERSONA in the public?

Who is responsible for expressing the Trust upon reaching the Age of Majority?

What is the purpose of using private credit correctly according to the text?

According to The Maxim of Equity, what does Aequitas agit in personam mean in English?

What is the focus of Equity according to the text?

Why is money considered debt?

According to The Maxim of Equity, what is the focus of equity?

According to the Internal Revenue Manual, what is an infant in the context of an estate or trust?

Why has the infant not yet received an SSN according to the text?

Study Notes

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