The Tender For Law

Volume 6

May 29, 2014 4:36 AM

Chip Douglas

Mackximus- does "This (promissory)Note is Legal Tender" not represent DEBT? Scott always says this is all about surety, and, ACCOUNTING. In accounting, there is a ledger. That ledger has a debit side, and a CREDIT side. So if "This (promissory)Note Is Legal Tender" represents debt, then by simple logic, wouldnt a RECEIPT, that Scott has already said equals "PROOF-OF-TITLE," represent the CREDIT in this equation? My aunt likes to shop at 'Winners' btw alot, and has amassed quite a number of 'credit-slips' as a result of bringing stuff back for return. I am assuming that a credit-slip from Winners would be considered as a "valuable security" too?