According to the "Legal Tender Statute" (section 5103 of title 31 of the U.S. Code), "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 means that all U.S. money, as identified above, when tendered to a creditor legally satisfies a debt to the extent of the amount (face value) tendered.
However, no federal law mandates that a person or an organization must accept currency or coins as payment for goods or services not yet provided. For example, a bus line may prohibit payment of fares in pennies or dollar bills.
Some movie theaters, convenience stores and gas stations as a matter of policy may refuse to accept currency of a large denomination, such as notes above $20, and as long as notice is posted and a transaction giving rise to a debt has not already been completed, these organizations have not violated the legal tender law.
NO they are not legal tender in Scotland or anywhere else so no to England as well. In fact Scotland has no such thing as legal tender, however Bank of England notes are legal tender in England only
Yes - this is what "legal tender" means. The Australian dollar is legal tender in Australia.
Yes. Proof sets contain official US coinage that can be used as legal tender, although to a collector proof sets are worth more in the mint holders in which they are issued. Proof coins are not intended to be spent, but are legal US tender.
It is not illegal to post date a check. Though it is illegal in some states to request someone to write you a (or many) post dated checks to guarantee payment. The check is not legal tender until the date on the check.
legal tender.
No
coins are legal tenderpersonal checks, credit cards, and similar non-cash methods of payment are not usually legal tender
Government determines tender & they would have to back them up if so declared.
The Australian Dollar is Legal Tender in Australia. The Bahamian Dollar is Legal Tender in the Bahamas. The Barbados Dollar is Legal Tender in Barbados. The Bermuda Dollar is Legal Tender in Bermuda. The Canadian Dollar is Legal Tender in Canada. The Fiji Dollar is Legal Tender in Fiji. The Hong Kong Dollar is Legal Tender in Hong Kong. The Jamaican Dollar is Legal Tender in Jamaica. The New Zealand Dollar is Legal Tender in New Zealand. The Singapore Dollar is Legal Tender in Singapore. The US Dollar is Legal Tender in the USA.
Legal tender is everyday money.
Yes penny's are legal tender.
NO they are not legal tender in Scotland or anywhere else so no to England as well. In fact Scotland has no such thing as legal tender, however Bank of England notes are legal tender in England only
LEGAL TENDER MONEY: A legal medium of payment.
it is not legal tender
No - only coins and notes of the realm are legal tender.
No, they are not considered legal tender. If someone is willing to accept them, there is no problem with it, but they do not have to accept them.
a legal medium of payment