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<p>[QUOTE=&quot;Conder101, post: 480457, member: 66&quot;]Legal Tender does have one other important feature.&nbsp; It represents&nbsp; a legally acceptable attempt to satisfy an obligation.&nbsp; This means that say you owe a debt to someone and there are penalties for late payment and you make an attempt to pay on time with legal tender, say cash, and it is refused.&nbsp; You still owe the debt but since you made a legal attempt to satisfy it they may not tack on interest or penalties for late payment.&nbsp; If you had attempted to pay with a check or credit card which are NOT legal tender and it was declined (only cash accepted) then they CAN apply interest and penalties for late payment.[/QUOTE]</p><p><br /></p>

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