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<p>[QUOTE="fatima, post: 1557798, member: 22143"]You are wrong. Whether you believe it or not isn't relevant. </p><p><br /></p><p>"Legal Tender" status does not require private parties to accept it as payment. "Legal Tender" means that it is accepted by "the state" for payment of debts including taxes. In this case "the state" means local, state and federal governments. Beyond that Congress has no constitutional authority to <u>require</u> state issued currency to be used for private payments. </p><p><br /></p><p>In the case of the United States, it also means that it can be deposited at a Federal Reserve institution. (currently all banks & credit unions) This is why people voluntarily use legal tender for non-state transactions. </p><p><br /></p><p>The Constitution also states that all rights are reserved by the individual unless otherwise stated in the Constitution. Therefore it seems to me that if you don't believe it, then it's up to you to provide the appropriate Constitutional clause or legal statute that says that a person or business <u>must</u> accept "legal tender" as a form of payment.</p><p><br /></p><p>Finally, using the Subway example, if they refuse to serve you a tuna melt because they don't like your "legal tender", what is your "debt" to them? Answer, none. In these sorts of arguments, this obvious fact is often ignored.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1557798, member: 22143"]You are wrong. Whether you believe it or not isn't relevant. "Legal Tender" status does not require private parties to accept it as payment. "Legal Tender" means that it is accepted by "the state" for payment of debts including taxes. In this case "the state" means local, state and federal governments. Beyond that Congress has no constitutional authority to [U]require[/U] state issued currency to be used for private payments. In the case of the United States, it also means that it can be deposited at a Federal Reserve institution. (currently all banks & credit unions) This is why people voluntarily use legal tender for non-state transactions. The Constitution also states that all rights are reserved by the individual unless otherwise stated in the Constitution. Therefore it seems to me that if you don't believe it, then it's up to you to provide the appropriate Constitutional clause or legal statute that says that a person or business [U]must[/U] accept "legal tender" as a form of payment. Finally, using the Subway example, if they refuse to serve you a tuna melt because they don't like your "legal tender", what is your "debt" to them? Answer, none. In these sorts of arguments, this obvious fact is often ignored.[/QUOTE]
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