Message:

<p>[QUOTE=&quot;imrich, post: 1559829, member: 22331&quot;]<b>Federal &quot;Legal Tender&quot; Statute explained in simple terms</b></p><p><br /></p><p><br /></p><p><br /></p><p>Section 31 U.S.C. 5103, entitled &quot;Legal tender,&quot; states: &quot;United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues.&quot; </p><p>&nbsp;This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. <b>There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. </b><u>Private businesses are free to develop their own policies on whether to accept cash <b>unless there is a state law which says otherwise.</b></u>[/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