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<p>[QUOTE="Pocket Change, post: 266303, member: 8012"]Here are a couple of things I always assumed to be true. Are they?</p><p><br /></p><p>1. If I have a torn dollar bill, as long as I have more than half of the bill, the bank MUST replace it for me. Once again, I have more than 1/2 of the remaining bill.</p><p><br /></p><p>2. If I bring in obsolete legal tender into a bank, they MUST honor that money. Examples are Eisenhauer dollars, Franklin halves, etc. I know that in most cases, they would be CRAZY not to do it, but I'm talking about the law - are they REQUIRED to do it.</p><p><br /></p><p>So the question is: Are there such laws or are these just "common sense" or "common practice" things that have been handed down through the years?.</p><p><br /></p><p>Thanks[/QUOTE]</p><p><br /></p>
[QUOTE="Pocket Change, post: 266303, member: 8012"]Here are a couple of things I always assumed to be true. Are they? 1. If I have a torn dollar bill, as long as I have more than half of the bill, the bank MUST replace it for me. Once again, I have more than 1/2 of the remaining bill. 2. If I bring in obsolete legal tender into a bank, they MUST honor that money. Examples are Eisenhauer dollars, Franklin halves, etc. I know that in most cases, they would be CRAZY not to do it, but I'm talking about the law - are they REQUIRED to do it. So the question is: Are there such laws or are these just "common sense" or "common practice" things that have been handed down through the years?. Thanks[/QUOTE]
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