Difference Between Federal Reserve Note & US Dollar Note

IMPAIRING THE OBLIGATION OF CONTRACTS. The Constitution of the United States, art. 1, s. 9, cl. 1, declares that no state shall “pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts.”   2. Contracts, when considered in relation to their effects, are executed, that is, by transfer of…

Money – Definition from Black’s Law Fourth Edition   Moneta – Latin for Money   MONETA EST JUSTUM MEDIUM ET MENSURA BERUM COMMUTABILIUM, NAM PER MEDIUM MONETAE FIT OMNIUM RERUM CONVENIENS ET JUSTA AESTIMATIO. Money is the just medium and measure of commutable things, for by the medium of money a convenient and just estimation…

A contract is a legally-enforceable promise or set of promises made by one party to another. A contract is a legally binding agreement concerning a bargain which is essentially commercial in its nature and involves the sale or hire of commodities such as goods, services or land.  From Wikipedia.

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