T hats strange. Cash is legal tender.
T hats strange. Cash is legal tender.
There are many places that are not currently accepting cash due to COVID
"Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor."
Which court? If not the Supreme Court, then it was not necessarily "shot down".That line if thinking was "shot down" back in the 1980's when apartment complexes quit accepting cash due to theft risk - it was upheld in court.
And that includes coins.T hats strange. Cash is legal tender.
And that includes coins. So who'll be the first to try to pay for their train ride with pennies?
Think of a restaurant, if they didn't have a notice up, what exactly could they say to someone who goes to pay the check and only has cash
We have a lot of them. Small businesses get ripped off big time by the high vigorish the banks take for using credit cards and where I live, there are LOTS of small, local restaurants and I don't patronize chains or their minions. So if they don't take CC or charge extra for CC, I pay in cash.There is a local high end steakhouse in my community that only accepts cash or a check. No credit cards; not sure about debit cards. They have a notice on their web site about this procedure; not sure about whether there is one in the restaurant or not. It's been a very long time since I patronized them.
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