Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Teen pays in legal tender has to call cops
>
Reply to Thread
Message:
<p>[QUOTE="omahaorange, post: 1495909, member: 28199"]Holy resurrection! Don't confuse<i> debt</i> with <i>purchases</i>. What the law states is that the <i><b>debtor</b></i> has to take any legal tender as payment for the debt. This means you can pay your mortgage, traffic fines, bail, vehicle loan, real estate taxes, etc in this manner, and lender/tax collector/fining authority must take it as payment. But, there is no law requiring a merchant to accept all legal tender for payment of a purchase. That means he doesn't have to take your million pennies (rolled or unrolled) to buy your car/TV/groceries/cable bill etc. He can tell you to spend your money someplace else with no risk of penalty (other than losing the sale). So the kids were technically right (a traffic fine/impound fee?), although I agree, it was a stupid stunt to prove a point, just like getting it towed in the first place must have been[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1495909, member: 28199"]Holy resurrection! Don't confuse[I] debt[/I] with [I]purchases[/I]. What the law states is that the [I][B]debtor[/B][/I] has to take any legal tender as payment for the debt. This means you can pay your mortgage, traffic fines, bail, vehicle loan, real estate taxes, etc in this manner, and lender/tax collector/fining authority must take it as payment. But, there is no law requiring a merchant to accept all legal tender for payment of a purchase. That means he doesn't have to take your million pennies (rolled or unrolled) to buy your car/TV/groceries/cable bill etc. He can tell you to spend your money someplace else with no risk of penalty (other than losing the sale). So the kids were technically right (a traffic fine/impound fee?), although I agree, it was a stupid stunt to prove a point, just like getting it towed in the first place must have been[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Teen pays in legal tender has to call cops
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...