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<p>[QUOTE=&quot;NPCoin, post: 406679, member: 5629&quot;]Not really.&nbsp; The key here is debt.&nbsp; Debt is a very specific legal term and is used to identify when a product or service had been received with contractual promise to tender payment at a later date.&nbsp; Thus, we have the term legal tender.&nbsp; You cannot tender what is not owed.&nbsp; In the movie theater example, the theater had offered, but not yet performed any service or legal transfer of goods.&nbsp; Thus there is no legal contract to tender payment.&nbsp; Since there is no contract, the theater does not have the legal responsibility to perform.</p><p><br /></p><p>Even if you go to the grocery store.&nbsp; You come with two baskets of food that total $205.&nbsp; You give them 3 $100 bills, and they say that they cannot accept the third $100 because they cannot give change for it.&nbsp; Well, they do not legally have to accept the bill.&nbsp; They have not yet transfered legal ownership of the food to you, therefore there is no procurement of debt.&nbsp; Since there is no debt (because no contract), the payment is not for the tendering of a legal debt, and can thus be legally refused.</p><p><br /></p><p>In the same case, by law, a bank draft is legal tender.&nbsp; Yet, a business has the right to refuse payment by check...eventhough it is legal tender.</p><p><br /></p><p>However, if you receive your electricity for the month of July, and then you receive a bill in August for the costs, this is a legal debt that must be tendered back to the debtor.&nbsp; If you then go in to make payment, and give them a check, and they refuse to accept your check, for ANY reason, the debt is now dissolved and they may no longer collect on it.&nbsp; Likewise, if you walk in with $300 in cents, and they refuse, they have dissolved your legal responsibility to pay that debt.</p><p><br /></p><p>Legal tender <b>must</b> be accepted for payment of any debt, or the debt is invalidated.&nbsp; That is the purpose of legal tender.&nbsp; In fact, your boss does not legally have to make payment for your services (&quot;paycheck&quot;) in the form of a check.&nbsp; If they really wanted to (especially if you &quot;walked-out&quot;), they can pay you all in cents. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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