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Genius or douche?
The only thing I would have done differently is to come armed with a copy of the federal statute.
EDIT: Here is what the US Treasury has to say (if anyone is interested)
EDIT II, The Electric Boogaloo: Fixed the embedding. My bad.
Genius or douche?
The only thing I would have done differently is to come armed with a copy of the federal statute.
EDIT: Here is what the US Treasury has to say (if anyone is interested)
So, in other words, the cops and the kids were wrong. The business can refuse payment. However, I believe that because it constitutes a valid offer of payment under the law, the tow company might be bound by other laws to return the car - since payment was offered in legal tender. To keep the car after payment was offered may constitute theft.I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which 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 United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
EDIT II, The Electric Boogaloo: Fixed the embedding. My bad.
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