Message:

<p>[QUOTE=&quot;ToughCOINS, post: 7773120, member: 20480&quot;]A mere technicality.&nbsp; Not that I consider Wikipedia a most reliable source, but in this case it aligns well with my understanding . . . </p><p><br /></p><blockquote><p><b>“Legal tender</b> is a form of <a href="https://en.m.wikipedia.org/wiki/Money" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.m.wikipedia.org/wiki/Money" rel="nofollow">money</a> that <a href="https://en.m.wikipedia.org/wiki/Standard_of_deferred_payment" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.m.wikipedia.org/wiki/Standard_of_deferred_payment" rel="nofollow">courts of law are required to recognize as satisfactory payment</a> for any monetary <a href="https://en.m.wikipedia.org/wiki/Debt" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.m.wikipedia.org/wiki/Debt" rel="nofollow">debt</a>.<a href="https://en.m.wikipedia.org/wiki/Legal_tender#cite_note-1" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.m.wikipedia.org/wiki/Legal_tender#cite_note-1" rel="nofollow">[1]</a>Each <a href="https://en.m.wikipedia.org/wiki/Jurisdiction" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.m.wikipedia.org/wiki/Jurisdiction" rel="nofollow">jurisdiction</a> determines what is legal tender, but essentially it is anything which when offered (&quot;tendered&quot;) in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt.”</p></blockquote><p><br /></p><p>In a nutshell, if I take my wife out for a nice dinner, offer to pay afterward with cash, and the cash is is refused by the restaurant, I may leave without paying in another form, and not be held to account for my debt.</p><p><br /></p><p>Wierd, but that is the law, as I understand it.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in