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<p>[QUOTE="Burton Strauss III, post: 2596718, member: 59677"]First off, skip Wikipedia and read real references.</p><p>Second, I'm not a lawyer and I'm not staying in a Holiday Inn Express</p><p><br /></p><p><br /></p><p>Legal Tender - today - means legal TO tender (as in offer). But as said above, there is no requirement that a private entity accept your tender.</p><p><br /></p><p>They can choose not to accept your offer to buy if that is your tender. For example a store can post a sign saying no bills larger than $20 and refuse to accept your offer to buy the goods on the belt if you tender a $50.</p><p><br /></p><p>If you go to the cable company to pay your bill and the sign says No Cash Accepted, then they don't have to accept your cents. Rolled OR thrown at them.</p><p><br /></p><p>It's a little murkier if they don't post the policy (some places like NYC have laws that require signs to be posted in particular places and particular sizes). Sometimes the debt itself can define terms (like some old paper money was payable in "lawful money of the United States").</p><p><br /></p><p>Most places of business can fall back on the right to refuse service (as long as the refusal isn't based on a protected class). You can quite legally discriminate against people who try to spend $2 bills.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2596718, member: 59677"]First off, skip Wikipedia and read real references. Second, I'm not a lawyer and I'm not staying in a Holiday Inn Express Legal Tender - today - means legal TO tender (as in offer). But as said above, there is no requirement that a private entity accept your tender. They can choose not to accept your offer to buy if that is your tender. For example a store can post a sign saying no bills larger than $20 and refuse to accept your offer to buy the goods on the belt if you tender a $50. If you go to the cable company to pay your bill and the sign says No Cash Accepted, then they don't have to accept your cents. Rolled OR thrown at them. It's a little murkier if they don't post the policy (some places like NYC have laws that require signs to be posted in particular places and particular sizes). Sometimes the debt itself can define terms (like some old paper money was payable in "lawful money of the United States"). Most places of business can fall back on the right to refuse service (as long as the refusal isn't based on a protected class). You can quite legally discriminate against people who try to spend $2 bills.[/QUOTE]
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