Quote:
Originally Posted by ThirdOfFive
"This note is legal tender for all debts, public and private" (small print on the dollar bill)
I wonder what the reaction would be if someone incurred a debt for which the merchant only accepted credit payment (a car repair, say) and when it came time to pay up offered the amount owned in "legal tender" (i.e. cash) stating that he doesn't believe in, and has no credit cards of any kind.
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Sometime recently that rule went away, mostly during Covid. There was a time when if you offered cash and it was refused, the transaction was complete - learned this the hard way working at gas stations that took no bills larger than $20. However, now the federal law does not stand behind that statement and says it “may” be used. Thus, private businesses (the seller) can choose what form of payment they want. There were a couple challenges during Covid and essentially this was the result.