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Originally posted by MMPI2
this is absolutely correct. i wonder what's gonna happen when an enterprising sort out there decides to point out, with a court injunction backing them up, that cash is "legal tender for all debts, public and private."
OK, so I just tested your theory (that it is the law of the land you can pay cash) and I put a random DVD into my cart at Amazon.com. According to your theory, there should be an option for me to send them cash in the mail for the purchase. I'm going to assume you already understand that Amazon, an American company with distribution centers all over the United States...wait for it...does NOT ACCEPT CASH as a form of payment.
"When we got anonymous requests, we don't know if people are going to come in and get this stuff or not pick them up," he said. "If it never gets picked up, we don't have any recourse to contact them."
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.
Originally posted by LanMan54
reply to post by DimensionalDetective
As I've noted in other places, there is a concerted effort underway to do away with using physical instruments of payment such as cash, coins, checks, etc.. Digital cash, or electronic money, is coming whether you like it or not. So to are biometric and RFID 'innovations'. Won't be long and you will not be able to access the internet without it. Just a matter of time.
to depict those who use physical money as potential terrorists