The legal payment due date is the date specified in the contract. The actual payment date is the date the payment is initiated by the payor unless specified otherwise in the contract.
There is no legal limit; however, some companies may have a policy limiting the forms of payment, or the amount of change, that they will accept.
yes it is legal for daily transaction
YES
Watergate
a legal medium of payment
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
Inter company transaction is between two or more related legal entities while intra company transaction is within the same legal entity.
Yes, proof of payment is crucial in a court of law to establish that a payment was made. It helps to demonstrate that there was a transaction between the parties involved and strengthens the claim of seeking money back. Without it, it may be challenging to substantiate the case and demonstrate that a payment was indeed made.
No, it is not legal to photocopy personal checks without authorization as it violates the check writer's privacy and puts their sensitive information at risk. If you need to keep a record of a payment made by check, it is better to use a secure method of documenting the transaction.
Ex Gratia means "by favor". In legal terms, this is a payment made by a company or employer when no payment is obligated. The payment is not made because a person is employed by the company and is unconnected to the services the company provides.
A bond-washing transaction is a transaction where securities are sold sometime before the due date of interest and reacquired after the due date is over. This practice is adopted by persons in the higher income group to avoid tax by transferring the securities to their relatives/friends in the lower income group just before the due date of payment of interest. In such a case, interest would be taxable in the hands of the transferee, who is the legal owner of securities.
a legal witness to attest that a transaction has taken place between people.