Posted: 10/18/2009 6:08:54 PM EDT
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I was in the mood for a $5 Little Caesars pizza tonight (I know they are bad for you, but that's another topic). I also wanted to get some crazy bread with it. Total was ~$7.75. I had 1 $100 bill and 7 $1 bills. Unfortunately they said they couldn't accept any bills over $20, so no crazy bread. What is the legal precedence that allows retailers to pick and choose what bills they accept? |
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Quoted:
I was in the mood for a $5 Little Caesars pizza tonight (I know they are bad for you, but that's another topic). I also wanted to get some crazy bread with it. Total was ~$7.75. I had 1 $100 bill and 7 $1 bills. Unfortunately they said they couldn't accept any bills over $20, so no crazy bread. What is the legal precedence that allows retailers to pick and choose what bills they accept? Private entities are under no obligation to accept any specific form of tender. Let's say that you hire me to mow your lawn, but I don't want to be paid in dollars, but in chickens, would that be illegal? If you don't want to pay in chickens, then you just have to get someone else to cut your grass. |
| The gist of it is that the notes are legal tender for debt. When you make a purchase, it's not a debt, but an exchange. So I guess if they put your pizza on an account, you could settle up with the C Note at the end of the month. Someone will straighten me out in a few seconds. But there is a difference between a purchase and a debt. |