Comments on: Paying Debts with Legal Tender http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/ Money Management, Small Business, Career Fri, 19 Mar 2010 19:53:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: SKP http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-21517 SKP Sun, 31 Jan 2010 04:35:19 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-21517 Can a state refuse to take cash? In MA the state refuses to take any cash it requires draft or check or credit card. How can this be legal? Can a state refuse to take cash? In MA the state refuses to take any cash it requires draft or check or credit card. How can this be legal?

]]> By: j w more http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-20108 j w more Mon, 19 Oct 2009 18:03:33 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-20108 I have one question left unanswered in this thread. What happens to the debt if the collecting party refuses the legal tender? In other words is the debt considered "Paid in Full" or is the debt considered still owed? I have one question left unanswered in this thread. What happens to the debt if the collecting party refuses the legal tender? In other words is the debt considered “Paid in Full” or is the debt considered still owed?

]]> By: Ryan http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-18829 Ryan Fri, 03 Jul 2009 23:31:25 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-18829 Its a little more complicated than that, or at least the question is. A person can refuse to serve you for almost any reason they want, but let us just say that the store has already levied a debt on you. say you were in a restaurant and you had a coffee, yet this was a sit-down place so you haven't payed yet, at the point at which you go to the register can they still refuse your 100 dollar bill. I am not sure but I think not, for while a 7/11 might be able to refuse you 100, because you have yet to purchase anything and therefore have incurred n0 debt, in the restaurant however, you incur debt every time you buy something. Just thinking. Its a little more complicated than that, or at least the question is. A person can refuse to serve you for almost any reason they want, but let us just say that the store has already levied a debt on you. say you were in a restaurant and you had a coffee, yet this was a sit-down place so you haven’t payed yet, at the point at which you go to the register can they still refuse your 100 dollar bill. I am not sure but I think not, for while a 7/11 might be able to refuse you 100, because you have yet to purchase anything and therefore have incurred n0 debt, in the restaurant however, you incur debt every time you buy something. Just thinking.

]]> By: Ryan http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-15776 Ryan Tue, 16 Dec 2008 05:21:35 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-15776 Excellent! Thanks for sharing. :-) Excellent! Thanks for sharing. :-)

]]> By: FactChecker http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-15775 FactChecker Tue, 16 Dec 2008 04:53:11 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-15775 According to http://www.law.com/jsp/article.jsp?id=1120208723965 Michael Powell was not held in contempt or fined, but merely was ordered to pay $533 to the lawyer he inconvenienced. According to http://www.law.com/jsp/article.jsp?id=1120208723965

Michael Powell was not held in contempt or fined, but merely was ordered to pay $533 to the lawyer he inconvenienced.

]]> By: Ryan http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-722 Ryan Sat, 18 Aug 2007 00:21:06 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-722 I like to use my coins too. I have some friends that have giant coin jars full of money. And they wonder why they never have any cash! I like to use my coins too. I have some friends that have giant coin jars full of money. And they wonder why they never have any cash!

]]> By: dimes http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/comment-page-1/#comment-718 dimes Fri, 17 Aug 2007 17:00:36 +0000 http://cashmoneylife.com/2007/08/16/paying-debts-with-legal-tender/#comment-718 My husband pays fast food purchases with coins only, and I pay parking fees with coins only. It's a good way to get rid of them, unless you drop them when handing them to the cashier. My husband pays fast food purchases with coins only, and I pay parking fees with coins only. It’s a good way to get rid of them, unless you drop them when handing them to the cashier.

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