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I got this link one from a "not always right" story where the employee had a customer screaming "it's the law" at them etc.
http://www.treasury.gov/resource-cen...al-tender.aspx
Pretty much the official statement from the Treasury is that "legal tender" means "a valid and legal offer of payment for debts when tendered to a creditor."
HOWEVER unless there's a state law in place, private businesses are legally allowed to say what they will and won't accept - including refusing coins or refusing large bills.
So the next time some SC says "you have to take this! It's the LAW"... you can show them that and say "ORLY?"
http://www.treasury.gov/resource-cen...al-tender.aspx
Pretty much the official statement from the Treasury is that "legal tender" means "a valid and legal offer of payment for debts when tendered to a creditor."
HOWEVER unless there's a state law in place, private businesses are legally allowed to say what they will and won't accept - including refusing coins or refusing large bills.
So the next time some SC says "you have to take this! It's the LAW"... you can show them that and say "ORLY?"
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