Hi Lovers
I posted this under comments but thought to post it here.
Subscription;
“The act of writing one’s name under a written instrument; the affixing of one’s signature to any document, whether for the purpose of authenticating or attesting it, of adopting its terms as one’s own expressions, or of binding one’s self by an engagement which it contains.
State law determines the enforceability of oral and written subscriptions. Courts have regarded subscriptions that are not supported by some consideration as mere offers that become legally binding when accepted or when the recipient of the promise has acted in reliance on the offers. The promise that forms the subscription need not be to pay money but might be for the performance of other acts, such as to convey land or provide labor for construction”.
First off we see who the subscriber is on the BC. As i said, see it from the bottom up. You want to find out who is liable on a contract you look at the bottom of it.
This part “mere offers that become legally binding when accepted or when the recipient of the promise has acted in reliance on the offers” is interesting. We are children of the promise, but, as recipients of the BC who have not used it as intended, not acted in reliance of the offer, therefore, not binding on the issuer or promisor, e.g. of the BC.
Further from that site; “A subscription contract does not have to be in a particular form, or even in writing, provided the promisor clearly indicates an intention to have such an agreement or contract”.
Perhaps as was suggested here previously, accepting to be recognized by the name on the BC, an offer, is the contract. We know not accepting said offer has not resulted favorably.
I came across subscription whilst looking at scrip it came up.
Further from that site; “Where a state law mandates a writing, the subscriber’s name can be signed to the contract by the individual who solicits the contribution for the organization, if that person is authorized to do so by the subscriber”.
Is not the Registrar General compelled to register births and is the subscriber Ontario and or Canada (organization) and the BC the writing. We see at the top of a BC, ONTARIO and above that CANADA.
So it seems to me when the registrar signs a BC he/she is authorized to bind the organization, the one who ordered births be registered and authorizes BC, certificates, be issued; the subscriber.
Yup, my name is VRB and I have an interest, share in Ontario and or Canada. I would say Canada at the end of the day since it is named on the top-est part of a BC as it would appear on a contract.
Further; “Courts, as a matter of policy, uphold subscriptions if any consideration can be found. In a situation where the recipient of the subscription has begun work or incurred liability in reliance upon it, such action constitutes a consideration. A benefit to the subscriber, although it is enjoyed by her in common with others or with the general public, is also deemed sufficient consideration for the promise”.
I think we fit in there nicely regarding the consideration with one exception, we have not made known our interest/claim, thus, no reliance on the subscription. This situation with the BC seems to be a stock purchase backward, meaning, Canada has invested in us and given us the subscription so Canada would benefit in her name but as holders of the subscription there is a reciprocation thing. A Vortex of power but we are not in it. In short, Canada is the beneficiary of our productivity (assets in Canada) but as holders of the promise the beneficiary promises to pay for the benefit and we get use of property, land, etc.
I would say then one need not say he accepts to be recognized by the name because it is already the case.
Further; “Where a subscription indicates that any material change in the plan or purpose for which the subscription was made cannot be done without the consent of the subscriber, the subscriber will be released from the obligation if such a change is made without consent”. I would say this is saying, if you wish to use a BC for a purpose other than as intended by the subscriber, you need to get the subscribers consent and if you do not have such consent, the subscriber will carry on treating the BC as intended regardless of what you, the holder, promisee, says or does or beleives. In other words, the subscriber is liable only if you use the BC as intended.
Further from that site; “Where the subscriber dies”……………….is this why they say, the king is dead, long live the king, subscriber. haha!
Seems there are two major forces out there. Us and them and so long as we see them has the power we do not when in fact we all do. Comes down to who uses it and who is a sheep. baaa baaaa! hahahaha!
The truth is, I do not know the truth, do you?
With love……………….