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Yes, I agree with all of what you stated. But why do we need Christ's righteousness?Christ fulfilled the Law in being the sacrifice which atones for sin.
We were redeemed from the curse of the law by his sacrifice, which was the penalty of the law for disobedience.
We received his imputed righteousness when we
believed, which resulted in
remission of sin, which resulted in
justification (declaration of "not guilty," sentence of acquittal, pronouncement of sinlessness), which resulted in
imputation of Christ's righteousness.
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