Although I like this concept for small amounts ( like, up to 50 dollars ), if your dog attacks another dog, and you have to pay the vet bills (obviously), don't be a douche about it.. just my opinion..
Private businesses are free to reject legal tender so long as the customer is somehow made aware of the policy before entering into the transaction, in most cases this is done with a sign visible in the checkout area. However this does not apply to debts to the state, for example you could pay a parking ticket in all pennies and they would have to accept, or civil matters such as the one in the post. If he didn't accept this and took his neighbor to small claims court, the case would be thrown out as he had previously refused payment.
Taken directly from the US treasury website:
"There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services."
You do NOT have to accept BS payments if you don't want to. This is why gas stations can refuse bills over 20 and airlines can refuse anything but credit cards.
If he wanted to take it to small claims court, it wouldnt be thrown out, he would win.
The "legal tender" thing just means that a person has to accept "dollars" of some form. That could be coins, paper bills, check, credit card, etc. They can't demand you pay them in rupees or pesos.
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· 9 years ago
The key phrase there is "good and/or services", this is neither. If someone attempts to settle a debt, which this is, you have to accept it or waive the debt. If it went to small claims court his refusal of the payment would count as waiving the debt.
"There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services."
You do NOT have to accept BS payments if you don't want to. This is why gas stations can refuse bills over 20 and airlines can refuse anything but credit cards.
If he wanted to take it to small claims court, it wouldnt be thrown out, he would win.
The "legal tender" thing just means that a person has to accept "dollars" of some form. That could be coins, paper bills, check, credit card, etc. They can't demand you pay them in rupees or pesos.
Thanks for the correction.