Supreme Court Annotated Statute: Clearfield Trust Co. v. United States 318 U.S. 363-371 1942: "Governments descend to the level of a mere private corporation, and take on the characteristics of a mere private citizen . . . where private corporate commercial paper [Federal Reserve Notes] and securities [checks] is concerned . . . For purposes of suit, such corporations and individuals are regarded as entities entirely separate from government." , then government loses its sovereignty status and becomes no different than a mere private corporation. As such, government then becomes bound by the rules and laws that govern private corporations which means that if they intend to compel an individual to some specific performance based upon its corporate statutes or corporation rules, then the government, like any private corporation, must be the holder-in-due-course of a contract or other commercial agreement between it and the one upon who demands for specific performance are made. And further, the government must be willing to enter the contract or commercial agreement into evidence before trying to get the court to enforce its demands, called statutes. Clearfield Trust Co. v. United States, 318 U.S. 363-371, Bank of United States v. Planter's Bank, 9 Wheaton (22 U.S.) 904, 6 L. Ed. 24; U.S. v. Burr, 309 U.S. 242; In re King - Porter Co., CA 5th, 1971, 446 F.2d 722,732. Everything you sign is a contract or commercial agreement ...
Everything you sign is a contract or commercial agreement ...
Updated: Jun 2, 2023
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