Federal reserve notes are only a promise to pay

11 months ago
3.22K

In this video I go over case law of Fidelity Savings State Bank v. Grimes. This is an interesting case that lays out that notes are only a promsie to pay and not a payment itself. Check your wallet and look at the name of those bills in your pocket.

https://cite.case.law/kan/156/55/

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