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Questions and Answers
What is the role of surety in the context provided?
What is the role of surety in the context provided?
- A state responsible for national debts
- A guarantee that an obligation will be met
- A federal corporation seeking collateral
- A person who assumes legal responsibility for another's debt (correct)
Based on the text, what is surety also referred to as?
Based on the text, what is surety also referred to as?
- State security
- Personal property
- Federal guarantee
- Pledged bail (correct)
In the context provided, where was the collateral pledged by the United States incorporated?
In the context provided, where was the collateral pledged by the United States incorporated?
- Citizens' property (correct)
- Federal corporations
- Global creditors
- International bankers
What does equitable title refer to?
What does equitable title refer to?
What is the main impact on individuals when their estate is registered through a birth certificate?
What is the main impact on individuals when their estate is registered through a birth certificate?
Who becomes liable for the debts when USA Inc defaults according to the text?
Who becomes liable for the debts when USA Inc defaults according to the text?
In the context provided, what is the purpose of collateral being put in place?
In the context provided, what is the purpose of collateral being put in place?
What was pledged as surety after all the land of America?
What was pledged as surety after all the land of America?
Which entity wanted collateral based on your relationship with a state through a birth certificate?
Which entity wanted collateral based on your relationship with a state through a birth certificate?
Based on the text, who holds legal title over a registered car?
Based on the text, who holds legal title over a registered car?
In order for a legal entity to be considered a trust, what should it not simultaneously hold?
In order for a legal entity to be considered a trust, what should it not simultaneously hold?
What differentiates the private trust from the public trust in terms of naming conventions?
What differentiates the private trust from the public trust in terms of naming conventions?
Under which law does the private trust operate?
Under which law does the private trust operate?
What initiates the creation of a private trust according to the text?
What initiates the creation of a private trust according to the text?
What is the primary role of the natural person in the private trust?
What is the primary role of the natural person in the private trust?
Under which law does the public trust operate?
Under which law does the public trust operate?
Who is considered the beneficiary of the public trust?
Who is considered the beneficiary of the public trust?
What defines the relationship between the private trust and the United States corporation?
What defines the relationship between the private trust and the United States corporation?
"Straw man" refers to which entity in the context of trusts?
"Straw man" refers to which entity in the context of trusts?
What signifies that a private trust exists according to the text?
What signifies that a private trust exists according to the text?
What are the three main components of a trust?
What are the three main components of a trust?
What is the role of the trustee in a trust?
What is the role of the trustee in a trust?
What is the main responsibility of the beneficiary in a trust?
What is the main responsibility of the beneficiary in a trust?
Who is responsible for specifying the terms of the trust contract?
Who is responsible for specifying the terms of the trust contract?
What does equitable title mean in relation to a trust?
What does equitable title mean in relation to a trust?
Which party in a trust issues certificates of beneficial interest?
Which party in a trust issues certificates of beneficial interest?
What distinguishes a trustee's certificate of beneficial interest from a certificate of capital interest?
What distinguishes a trustee's certificate of beneficial interest from a certificate of capital interest?
Who is a trustee of the public trust?
Who is a trustee of the public trust?
What is the consequence of not controlling the funding of the public trust, based on the text?
What is the consequence of not controlling the funding of the public trust, based on the text?
Why might an individual with both legal and equitable title to land not have to pay a government land tax?
Why might an individual with both legal and equitable title to land not have to pay a government land tax?
Who is considered the grantor of the private trust according to the text?
Who is considered the grantor of the private trust according to the text?
What is the role of a police officer when pulling over an individual, as mentioned in the text?
What is the role of a police officer when pulling over an individual, as mentioned in the text?
What is the beneficiary of the private trust's remedy as mentioned in the text?
What is the beneficiary of the private trust's remedy as mentioned in the text?
What happens when the title to property is split, according to the text?
What happens when the title to property is split, according to the text?
Who are considered trustees of the public trust?
Who are considered trustees of the public trust?
What is indicated as the beneficiary of the public trust in the text?
What is indicated as the beneficiary of the public trust in the text?
What does it signify when someone 'submits an application for a birth certificate' based on the text?
What does it signify when someone 'submits an application for a birth certificate' based on the text?
Who is considered the grantor in the creation of a trust in the public according to the text?
Who is considered the grantor in the creation of a trust in the public according to the text?
What role does the Federal Reserve Bank play in the context provided?
What role does the Federal Reserve Bank play in the context provided?
What does it imply when it's mentioned that 'US citizens are employees of the corporation'?
What does it imply when it's mentioned that 'US citizens are employees of the corporation'?
'Submitting an application' for a birth certificate results in what specific outcome based on the text?
'Submitting an application' for a birth certificate results in what specific outcome based on the text?
What does it mean to apply for something according to the text?
What does it mean to apply for something according to the text?
When applying for something, what are you essentially doing according to the text?
When applying for something, what are you essentially doing according to the text?
Who holds the legal title in a trust involving the state, according to the text?
Who holds the legal title in a trust involving the state, according to the text?
What does the straw man corporation represent in the context of public trust?
What does the straw man corporation represent in the context of public trust?
When registering anything with the government, what happens according to the text?
When registering anything with the government, what happens according to the text?
Who enjoys beneficial use as outlined in the text?
Who enjoys beneficial use as outlined in the text?
In what capacity does the living man control the public trust based on the text?
In what capacity does the living man control the public trust based on the text?
What is the role of the United States corporation in relation to your private trust according to the text?
What is the role of the United States corporation in relation to your private trust according to the text?
What does it mean for the car property to be held in a trust in this context?
What does it mean for the car property to be held in a trust in this context?
What do all statutes involving ownership and operation of motor vehicles represent based on the text?
What do all statutes involving ownership and operation of motor vehicles represent based on the text?
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Study Notes
- The disclaimer on the Creditors and Commerce website emphasizes that the content is not legal advice and individuals are responsible for understanding and executing their transactions.
- The disclaimer is written in the present tense with unconventional sentence structures, reflecting a focus on the current moment.
- The website provides a link to the David Wynn Miller website for further information on the topic discussed.
- A trust is defined as a contract between parties consisting of the grantor, trustee, and beneficiary.
- The trust involves splitting the title to property into legal and equitable titles, with the grantor creating the trust, the trustee holding legal title, and the beneficiary holding equitable title.
- The trustee issues certificates of beneficial interest and capital interest to the beneficiary and grantor, respectively.
- Trusts can be layered within each other, with examples like court cases being a type of constructive trust within other trusts.
- Private and public trusts are contrasted, with the private trust operating under the Republic and the public trust under democracy, each having distinct characteristics and legal frameworks.
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