Skip to main content
48 votes

Is it legal to physically wash money?

Yes It is perfectly legal to physically wash US currency under US law. The kind of "money laundering" that is illegal is obscuring the history of funds, making proceeds of crime appear ...
David Siegel's user avatar
37 votes
Accepted

Do US presidential pardons include the cancellation of financial punishments?

Yes Presidential pardons only deal with breaches of Federal law. So, if the punishment is a fine then that penalty is waived. However, if the fine is punishment for breach of state law, the pardon ...
Dale M's user avatar
  • 213k
19 votes

Can a business owner refuse specific Bills and Coins?

Canada may have specific different laws, but in most countries any legal tender must be accepted for payment of a debt. There are subtleties; in the UK for example more than 20 one penny coins are not ...
gnasher729's user avatar
  • 34.3k
18 votes

If I quit, can my employer claim back pay that was agreed to but not included in our written contract?

I see that most (all up to this point) answers and comments are made around if a verbal contract is binding enough for the employer to "pursue back" the extra payment that you received... ...
Josh Part's user avatar
  • 289
15 votes

Is it legal to physically wash money?

As far as the law goes, there shouldn't be any problem with that. 18 USC 333 lists a bunch of stuff you can't do to currency, but the rule ends with the phrase "... with intent to render such ...
bta's user avatar
  • 1,334
15 votes

What crime is committed by deliberately passing off foreign coins as local?

Fraud American cent coins are worth 0.01 USD. Canadian cent coins are worth (today) 0.0074 USD due to the exchange of 1 Canadian dollar being worth 0.74 USD. With the intent to get more for less, this ...
Trish's user avatar
  • 40.4k
14 votes
Accepted

Can gold/silver bullion be used to buy/sell market goods?

It is currently legal to barter goods or services in exchange for gold or silver bullion in the United States. Gold and silver do not have to be registered or certificated, although a prudent person ...
ohwilleke's user avatar
  • 220k
13 votes
Accepted

Can someone deny cash as the payment method?

The Bank of England actually makes this pretty clear with the following line: Legal tender has a very narrow and technical meaning, which relates to settling debts. It means that if you are in debt ...
animuson's user avatar
  • 4,295
13 votes
Accepted

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

If the requirement for the debt is that the debt be paid in US dollars, absent some other stipulation to the contrary, $2 bills are US dollars and would satisfy the debtors obligation. It's hard to ...
Michael's user avatar
  • 2,170
13 votes

Can a restaurant in Germany refuse service without a tip?

tl;dr: If you are not satisfied with the service provided by the restaurant, you should take your business elsewhere and write negative, but honest reviews of the establishment. That will over time ...
jarnbjo's user avatar
  • 263
12 votes
Accepted

Do legal tender laws prevent "no cash" restaurants?

No A debt is created by a contract (among other ways not relevant here). A contract for a restaurant does not contemplate the creation of a debt, payment is to be contemporaneous with the service. ...
Dale M's user avatar
  • 213k
11 votes

Do US presidential pardons include the cancellation of financial punishments?

According to the DoJ, A commutation may include remission (release) of the financial obligations that are imposed as part of a sentence, such as payment of a fine or restitution. A remission applies ...
user6726's user avatar
  • 215k
9 votes
Accepted

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

No. If the transmuted material is truly gold, which is simply a chemical element, there is no duty to disclose its source if the source is not an illegal one. And, there is no legal prohibition on ...
ohwilleke's user avatar
  • 220k
9 votes
Accepted

Is it legal to commercially sell U.S. currency for LESS than its face value

18 USC Ch. 17 contains the laws against doing things to US currency and coins, and sale of currency is not included. So it is legal to set currency for an amount above or below face value, the former ...
user6726's user avatar
  • 215k
9 votes
Accepted

Can you initiate a lawsuit against Russia in the United States to recover seized assets?

Is it possible for an average person who happens to possess Russian dividend-paying shares, such as those of Gazprom, to initiate a lawsuit against the Russian government in U.S. courts to assert ...
ohwilleke's user avatar
  • 220k
8 votes
Accepted

Is currency trading legal in US?

Obviously, it's not simply illegal to have a business that exchanges currency - legal currency exchanges do exist, after all. But you'd have to be careful if you wanted to open a business that does ...
D M's user avatar
  • 7,213
8 votes

Transferring Paypal money to sons friend

But lately he has had his friend use my PayPal account. Someone will send me money and then I transfer it to where he tells me. To cash app or venmo. That's money laundering. Definitely illegal. ...
RonJohn's user avatar
  • 585
8 votes
Accepted

Why isn't a casino forced to return funds lost by an embezzler?

Because casinos don’t accept bicycles They insist on cash With normal property, a possessor can never pass on better title than they have. Since the thief never owned the bicycle, you don’t own the ...
Dale M's user avatar
  • 213k
8 votes

If I quit, can my employer claim back pay that was agreed to but not included in our written contract?

Your verbal agreement was to fulfill 2 years of service in exchange for increased pay - it's essentially a retention payment contingent on a service period. When properly documented, it's reasonably ...
Nuclear Hoagie's user avatar
8 votes

Can a restaurant in Germany refuse service without a tip?

I answer the question here on Travel because I think price surprises etc. often confuse travellers, and some commerces use pressure tactics to them (although the question as stated may be out of ...
xngtng's user avatar
  • 6,128
7 votes
Accepted

On the legality of replacing international transfers with intranational ones

Would this be legal? Probably at this scale. Not necessarily extrapolated to a large commercial operation involving more parties. At some point it becomes a payment system and a financial enterprise ...
ohwilleke's user avatar
  • 220k
7 votes

Is it legal to buy unfit currency for less then face value

It is legal. 18 USC Chapter 17 contains laws regarding what you can/cannot do with US legal tender. It doesn't mention anything about buying, or selling US tender at or above the face value. And there ...
Questor's user avatar
  • 336
7 votes

If I quit, can my employer claim back pay that was agreed to but not included in our written contract?

What extra pay? Your employer is paying you the rate you agreed.
Dale M's user avatar
  • 213k
7 votes
Accepted

What is the legality of two (or more) trade partners trading (i.e. billing) each other in a mutually agreed units of exchange

Assuming a bunch of economic actors across the world decide to conduct business in a basket of commodities (say Gold and silver) - and call each Unit of this basket "FooBar", what are the ...
ohwilleke's user avatar
  • 220k
7 votes
Accepted

Is it legal for an American citizen to obtain BRICS currency and then exchange those bills for U.S. dollars sometime in the future?

Is it legal for an American citizen to obtain [foreign] currency and then exchange those bills for U.S. dollars sometime in the future? This answer only considers the U.S. law implications, not the ...
ohwilleke's user avatar
  • 220k
6 votes
Accepted

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

I found a number of news stories and official documents about public schools with such policies including: "Parents face more fines and rules if their children miss too much school" from ...
David Siegel's user avatar
6 votes
Accepted

Is the use of a community currency instead of the official legal tender a tax evasion?

This answer is for the US (at least). You're assuming that if income is not in dollars or some other national currency, then it is not taxable. That is false. "Barter" income, in which you are paid ...
Nate Eldredge's user avatar
6 votes
Accepted

Does the government have to accept cash for taxes?

According to this Treasury Department web page refers the asker to the : ... Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins ...
David Siegel's user avatar
6 votes

Bank is not depositing my promotion bonus

It is unlikely that you could successfully sue the bank for breach of contract, but of course the first thing you should do is carefully read the agreement and see exactly what they promised. It is ...
user6726's user avatar
  • 215k

Only top scored, non community-wiki answers of a minimum length are eligible