Questions tagged [legal-tender]

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Can a creditor refuse to accept a $2 FRN because he doesn't think they exist?

Like all Federal Reserve Notes (FRNs, aka "bills" or "cash"), the $2 FRN is "legal tender for all debts, public and private." However, a lot of people don't know about ...
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22 votes
3 answers
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In a state with the common law definition of theft, can you force a store to take cash by "pretending" to steal?

If I understand correctly, (a) under common law, theft requires an intent to permanently deprive the owner, and (b) legal tender only applies to debts, not purchases. B is the reason why stores do not ...
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5 votes
1 answer
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Legal tender: using commemorative coins to pay off debt

This question is somewhat related to: Paying debts in cash in a petty way The Royal Mint issues commemorative coins. For example, they issued £20 coins (made out of silver) but usually shops and banks ...
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10 votes
3 answers
5k views

Can a business owner refuse specific Bills and Coins?

I was reading an article article which outlines a Pizza Shop owner in Canada who is refusing to take $10 Bills with John A. MacDonald on them. For context John A. MacDonald(the first Prime Minister of ...
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What is the criteria for establishing whether an alternate product falls in "or equivalent" in public procurement rules?

Public Procurement rules in Europe, United States and many other countries make it mandatory for procuring agencies to add the term "or equivalent" in product specifications where brand ...
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1 vote
2 answers
290 views

US states and legal tender (money)

I was of the understanding that all governmental bodies inside the US were required to accept all forms of legal tender. In other words, if you owed a $1,000 fine to the federal, state, or local ...
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1 vote
1 answer
165 views

Is it legal for a business in the US to charge to make change?

Is it legal in the US, for a business to charge a fee to make change (cash to smaller denominations, e.g., taking a dollar bill and giving back coins) or the reverse (e.g., taking coins and returning ...
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0 votes
1 answer
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Paying for slightly more than claim amount after small court arbitration

I was wondering if there is a disposition for small claims court that was settled via arbitration (no appeal is allowed and the decision is final) - then would it be unlawful to pay more than the ...
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2 votes
2 answers
680 views

Paying debts in cash in a petty way

I owe a £5,000 debt and I wished to make payment in the pettiest but legal way possible. I would like to pay entirely in cash, I'm aware there is a previous case history in doing such a thing and I ...
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8 votes
3 answers
533 views

Does a cash-less place have to accept cash if other payment option failed?

I had it happen to me a few times that my credit card was blocked or deactivated by the bank without letting me know, and I only that found out while trying to pay. To counter that I always carry some ...
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1 answer
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Are silver dollars legal tender?

Are silver dollars (Morgan/Peace) legal tender coins or just collectible items? Is a fake Morgan/Peace dollar counterfeit currency?
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8 votes
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Is it legal for a restaurant to not accept cash?

I recently went to Sweetgreen (a make your own salad place) for the first time. When I got to the end of the counter and was ready to pay, I tried to hand the cashier a $20, but he said "I'm sorry sir,...
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Paying with coins in the Massachusetts, California, or New York [duplicate]

Can a private entity in the states of Massachusetts, California, or New York refuse a payment made with coins (e.g., on the ground that they only accept a maximum of X coins)? https://en.wikipedia....
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4 votes
1 answer
547 views

Is a school legally required to accept pennies as payment?

At my public high school in Florida, Seniors are required to pay for parking in the Senior parking lot. There is a student who doesn't like that he has to pay, so in order to spite them he went to ...
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7 votes
3 answers
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When can "exact change" policies be enforced?

In general, "exact change" policies are legal. The Department of Treasury provides this helpful explanation: The Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender,"...
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5 votes
1 answer
2k views

Are "exact change only" policies legal?

I parked in a garage that has an automated pay-to-park kiosk - you specify how many hours you wish to purchase, and then insert payment. For two hours of parking, the price was listed as $6. It was ...
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5 votes
1 answer
692 views

Do I have to pay for a drink if a vendor cannot accept payment?

Recently I was served a drink at the pub where I intended to pay by debit card and had no alternative payment method available (e.g. cash). The card reader was faulty and I consumed my drink whilst ...
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5 votes
5 answers
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Can you pay a restaurant bill in pennies?

Say you eat at a restaurant, and after you are finished, the waiter brings you your bill. Is the restaurant legally obligated to accept pennies as payment regardless of the amount? (Of course, I ...
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