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<p>[QUOTE=&quot;Blaubart, post: 1559700, member: 37498&quot;]As for the legal tender discussion, this has been covered in several other threads already.&nbsp; Here&#039;s the clif notes version:</p><p><br /></p><p>Legal US tender <i>can</i> be used for all debts, public and private, and here&#039;s how it works:</p><p><br /></p><p>Assume you owe someone a debt that is measured in dollars.&nbsp; For the purposes of this example, let&#039;s assume you make an offer to pay your debt in full using cash, this constitutes a legal and valid offer of payment.&nbsp; The person on the other end of the transaction has a choice at this point: They can accept your payment, or they can refuse it.&nbsp; If they accept it, all is well.&nbsp; Should they refuse it, they have refused a legal and valid offer of payment and the proverbial ball is now in their court if they still want their money.</p><p><br /></p><p>I would argue that once they refuse a legal offer of payment, they should not be able to charge you any late fees if you are late with your payment.&nbsp; I further believe that they should not be able to charge you any interest on your debt as it would have been paid had they accepted your payment.&nbsp; There are still others out there that believe your debt is null and void at that point because they refused a legal offer of repayment.&nbsp; I don&#039;t believe your entire debt should be &quot;null and void&quot;, but I do firmly believe the ball is in their court to recover their money.&nbsp; If they want to be repaid after refusing such an offer of repayment, then depending on how much I like or dislike them, I might force them take me to court to settle the matter.&nbsp; Because they could play that game to their advantage for as long as they want: I come with a $100 bill to settle my $100 debt and they turn me away.&nbsp; I return the following day and attempt to settle my $100 debt, plus a late fee and another day&#039;s interest with $20s and they turn me away again.&nbsp; This time I ask what methods are acceptable and they say &quot;Quarters!&quot;.&nbsp; I return the next day with quarters to pay my original debt plus late fees and two more days interest and they say &quot;No, only pre-1965 quarters!&quot;&nbsp; (If, as many here believe, private businesses do not have to accept your offer and can demand payment in any form without repercussions, why not pre-1965 quarters?&quot;)&nbsp; This is also why I think refusing a legal and valid offer of payment must have consequences.&nbsp; If you believe otherwise, try doing what I just outlined and see what the judge says about it when someone takes you to court, or when you have to take the matter to court to recover your money.[/QUOTE]</p><p><br /></p>

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