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Questions tagged [money]

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2answers
1k views

What was wrong with 2010 Flash Crash?

While looking for recent market crash, I came upon 2010 Flash Crash, but I am unable to understand what wrong did the alleged Navinder Singh Sarao did. Entering an "order to sell stocks( or shares)" ...
4
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2answers
1k views

Bank is not depositing my promotion bonus

I opened a bank account in response to a promotion in a big bank (I'm in the US). Originally it was saying "if I keep my money (50K) for 60 days, I get $600". The agent at the branch didn't say ...
4
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1answer
402 views

Do public schools have the authority to fine parents money for being late?

My friend has a child in elementary school, and he goes to a public school. Apparently, at the end of the school day, if the parents are late picking up their kids, the school charges them $10/minute ...
4
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2answers
205 views

If someone gets money from a crime such as selling drugs, and then gives the money away, does the person who receives it own it legally?

If someone gained money illegally but in a way that they were not directly stealing it from someone (such as selling drugs or illegal weapons), and then they give the money away to a friend or ...
3
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1answer
212 views

Does an alchemist have a duty to disclose if they transmuted their gold?

If a person were to discover a method to transmute lead into gold easily, would they be required by law to disclose this information when selling it or exchanging it for currency? The method used ...
3
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1answer
288 views

Can someone deny cash as the payment method?

There are a small number of restaurants in my area where they do not accept cash for payment. They only accept electronic payments such as credit cards, local debit cards etc. Is this legal? On most ...
3
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1answer
85 views

Can you run a Patreon and collect money on behalf of someone else?

Say a guy creates a Patreon for his brother who is a video game designer. A lot of people love his games and he's popular in the community. The guy does not imitate his brother, but instead claims ...
3
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2answers
57 views

What happens if an individual exceeds the maximum to be donated to a presidential candidate?

For 2020, the maximum donation is $2800. What trouble will someone be in if they break that rule, either on accident or purposely?
3
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4answers
1k views

Can restaurants call cops on customers who leave fake “Jesus money” as tip?

I've been reading that in the US there's a thing where certain kinds of people leave fake bills with just a corner showing just the dollar amount and the rest hidden under a napkin or peeking out of ...
3
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0answers
66 views

Legal to mine bitcoin when on U.K. benefits?

I am a uk citizen lining in England who is currently on ESA benefits since I cannot work at the moment. I understand that I am only allowed a certain amount of money in my name at a time and if I ...
2
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3answers
59 views

How does a flow-through LLC own assets?

A Limited Liability Company (LLC) is a business under US law with the following characteristics: Establishes a "corporate veil" of limited liability, such that creditors or lawsuits can only go after ...
2
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1answer
79 views

Could a state legally phase-out pennies?

Debate has existed for some time in the United States whether the penny should stop being minted, due to its small purchasing power and cost of production [1]. From what I understand, to discontinue ...
2
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1answer
92 views

Can I cashout 25 BTC without proof of provenance?

Back when Bitcoin was worth under 10 USD, a friend sent me 25 BTC as a gift. Since that time, I moved them around different wallets and don't believe I still have the original wallet where I received ...
2
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1answer
94 views

Legality of Virtual Currency to Purchase Real World Items

A while ago, I saw a company called Listia which would permit users to sign up and attain some amount of Credits. These Credits could then be used to purchase real-world items on the site, such as ...
2
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1answer
236 views

I have multiple Gift Cards for a retailer but they refuse to let me apply more than one per order. Is this legal?

We were recently given a couple dozen gift cards from multiple web sites, but as far as I can tell the same parent company (website design is the same, about us page is the same etc.). I've already ...
2
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0answers
49 views

Why is it legal to look at pending stock orders for some participants

another question indicates that market participants can take a look at the orders for a stock, option or futures. An ordinary investor can only look at the BID and ASK, but not the entire series of ...
2
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0answers
102 views

Do I need to register as a Money Service Business for a cryptocurrency trading platform?

According to the U.S. Department of Treasury FinCen: Money Service Business Definition. The term "money services business" includes; any person doing business, whether or not on a regular basis or ...
1
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1answer
115 views

Is currency trading legal in US?

I am trying to open a business where a client can trade their currency to me. For example, if a client has money in their PayPal, they can send it to me, then I will give the the equivalent in their ...
1
vote
1answer
394 views

How can a cash sale result in a voidable title?

§ 2-403. Power to Transfer; Good Faith Purchase of Goods; "Entrusting". Please look at the statute above. It is fairly short. There is a link to it here: https://www.law.cornell.edu/ucc/2/2-403 I am ...
1
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2answers
59 views

Tax law and holding accounts (like Kickstarter)

Kickstarter is a simple example to highlight the question. Let's say I'm Kickstarter's malformed cousin Rickstarter and someone is raising 100k for a project between November and April on my site. ...
1
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1answer
60 views

Breach of fiduciary duty for poor management of endowment?

If the board of trustees of a private university keeps investing the endowment through an expensive firm run by their friends, despite substandard performance, could a case be made for breach of ...
1
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2answers
118 views

Is social security constitutionally protected public debt?

Section IV of the 14th Amendment to the US Constitution says "The validity of the public debt of the United States... shall not be questioned." The Social Security trust fund is currently projected ...
1
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2answers
59 views

Can an Australian freelancing platform refuse to pay money to the freelancer?

I was hired as a freelancer via an Australian freelancing platform, did the job and got money credited into my account. However, they suspected that my client made a fraudulent transaction and does ...
1
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1answer
48 views

Indirect Causation

If John was on a roof, and below him there were pillows so that if John threw something off the roof it wouldn't break. For fun, John threw some valuable china off the roof onto pillows, knowing they ...
1
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1answer
78 views

Is it legal for a restaurant to limit the amount of a certain type of bill?

The restaurant I work for has started a new policy that a server's bank (cash payments made by guests that I owe the store) may only turn in a maximum of $20 in one dollar bills. I had an issue with ...
1
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2answers
2k views

Can an employer force an employee to donate to a charity?

Can an employer force an employee to donate to a charity and is it legal that they know how much an employee contributes? This is in the U.S. with a large global corporation.
1
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2answers
170 views

Is it legal to use counterfeit money as defense against burglars and robbers?

I have produced small amounts of counterfeit money, I keep this in a few wallets in a few rooms in my house. When going outside I always have one such wallet with me in case I get robbed. Is using ...
1
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2answers
74 views

Why do websites which “store” money not show the actual currency, but as tokens/credits etc.?

I've seen some sites which you give money to (like pokerstars, bet365) but unlike those sites, they display the money as Tokens/Credits. One such site is woduels, their currency is WD tokens. Is ...
1
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1answer
41 views

What defines a separate visit when getting beverage container recycling refunds on a per-container basis instead of by weight?

I read on http://www.calrecycle.ca.gov/BevContainer/Consumers/CashingIn.htm (mirror), regarding getting beverage container recycling refunds on a per-container basis instead of by weight in ...
1
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1answer
152 views

Is the estate I administer entitled to money after foreclosure of a destroyed house?

I am the administrator of an estate in upstate New York. Unfortunately, there is effectively no money in the estate which would allow me to hire a lawyer, so I'm hoping you folks can help. By the ...
0
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1answer
118 views

The Reality of a graduating law student [closed]

How likely is it (without the 100s of variables that come into play) that a person gets his J.D from a 2nd Tier University and gets paid $250 an Hour within the first 3 years of working?
0
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1answer
66 views

When listing the price of parts on invoice for car repair, must the price be the one that the garage paid to obtain the parts?

When listing the price of parts (e.g., tires) on a work order or invoice for car repair in the United States, must the price of the parts be the one that the garage paid to obtain the parts? Or is it ...
0
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1answer
134 views

Are identifiable cryptocurrency miners helping crime?

Say there is a cryptocurrency whose issuers use electronic signatures issued by the government to prevent Sybil attacks (identity forging) to the voting mechanism when new currency units are created. ...
0
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1answer
51 views

Any obligation to return an accidental second payout?

According to the Federal Trade Commission (FTC), if you receive an item you did not order - it should be considered as a gift - and you are not obligated to pay for it - or return it. Question is, ...
0
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1answer
63 views

Who is responsible for a lost bitcoin transaction client:vendor?

I paid for a new mock using a BTC-processor that handles the bitcoin payment (with the use of a unique address). Later I got a message from the vendor saying that the transaction was "cancelled", ...
0
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1answer
41 views

Mental Capacity of family member with means

I have a family member who has over the last few years made quite a lot of money. Recently he has been diagnosed with bi-polar. He is ATM off his meds and is currently on a 'high' and spending a ...
0
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1answer
92 views

Can Amazon pull money from me?

Suppose I add my credit card to Amazon AWS service billing. Suppose that some hacker interacts with my domain at Amazon in such a way to make me owed $1000 or $10000 to Amazon (deliberately to harm ...
0
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2answers
101 views

Move money from Germany to Spain

I want to move money I earn working in Germany to Spain, where I am from. What should I take in account or be carefull to do during this transaction? I dont kow the minimum amount of money which I ...
0
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1answer
66 views

What can a spouse do in regards to controlling the beneficiaries of a life insurance policy in a community property state

Lets say a husband and wife both live together in a community property state, say Texas, and the husband is paying for a life insurance policy on the wife. The policy payout is 500 thousand dollars. ...
0
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1answer
42 views

What consequences does a business face if money taken and also misapplied?

As a customer, I made a payment with my debit card for a monthly bill I have each month. The amount sometimes changes so I asked for a amortization of payments. After reviewing I noticed 2 big errors. ...
0
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1answer
76 views

If I lent someone some high amount of money, can I own his house if he does not pay?

Lets say I lent someone a hundred thousand worth of dollars, and that was in 2000. On the contract that we signed, I stated that I can take anything from his belongings to be mine, if I deem it as of ...
0
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0answers
47 views

Make money with a service that depends on third-party software

I play this video game which is developed by a small company. This game is great but it does not allow online multiplayer, you must play with other people on the same console. Recently, I learned that ...
0
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0answers
29 views

Is an insurance refund check considered an asset?

We own a company that we acquired through an asset purchase agreement. This is a refund check for State Labor and Industry premiums paid during the previous owner's ownership. When ownership was ...
0
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1answer
36 views

Strict laws on using raised funds for specific reasons as opposed to any reason? [duplicate]

Are there any strict regulations in the U.S. when it comes to raising money through any means, AKA normal solicitation or using a third-party platform like Kickstarter, but using the funds NOT for ...
0
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0answers
27 views

Do I have to pay taxes on external savings?

I am thinking about moving to Canada to work, save for retirement, and move back to Portugal for retirement because of the lower cost of living. I will contribute to the Canada Pension Plan and also ...
0
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0answers
13 views

Do I need a VAT number for money earned through ads or app sales (Belgium)

I'm wondering if you need a VAT/BTW number in Belgium for money you could earn by doing one or both of the following: Creating an Android/IOS app (free time) and sell it Earn ad revenue (e.g. Admob) ...
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0answers
10 views

QDRO preparation or money dispersion in 75 days?

The language of the dissolution states: "Petitioner 1/husband shall have a QDRO prepared that will transfer $xxx to petitioner 2/wife from his deferred comp account within 75 days of the decree." ...
0
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0answers
39 views

Question about Medicaid & Alimony

If someone does not qualify for Medicaid because their income is higher than the limit (due to disability & alimony payments), and then they agree to lower/cancel their alimony, would they be able ...
0
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1answer
34 views

Receiving a product after getting a refund [duplicate]

Last week I ordered 2 kits of impact drivers due to the unbelievably low price. The product was discounted from 300EUR to 100, so I bought 2 of them. Next day I received an email from the company, ...
-1
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1answer
163 views

Why is the Federal Reserve allowed to “coin Money” and define exchange rates?

According the to United States Constitution Article 1 Section 8, The Congress shall have Power To coin Money, regulate the Value thereof, and of foreign Coin, ... But it is the Federal Reserve, ...