0
What else can I help you with?
What is the legal requirement for businesses to accept payment with pennies according to the paying with pennies law?
The legal requirement for businesses to accept payment with pennies is that they must accept up to 100 pennies for any transaction. This is in accordance with the "Legal Tender for Payment of Debt Act" which states that all U.S. coins and currency are legal tender for payment of debts.
What is a kick back?
A kickback is a form of bribery where a person receives a payment or benefit as a reward for facilitating a transaction or decision, often in a business or governmental context. It typically involves unethical or illegal practices, such as influencing contracts or procurement processes. Kickbacks undermine fair competition and can lead to significant legal consequences for those involved.
How many pennies can you legally use per transaction?
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.
Is daily cash transactions legal?
yes it is legal for daily transaction
Is grey screen transaction legal?
YES
What is legal tender money?
a legal medium of payment
What key case initiated the legal development about reverse doscrimination?
Watergate
What is swift MT103 blocked founds?
A SWIFT MT103 is a standardized message used for international wire transfers between banks, detailing a payment's instructions. "Blocked funds" refers to money that cannot be accessed or transferred due to regulatory reasons, such as compliance with sanctions or legal disputes. When funds are blocked in an MT103 transaction, it means that although the transaction has been initiated, the funds are held and cannot be released until certain conditions are met or issues resolved. This situation can arise in various scenarios, including anti-money laundering (AML) checks or pending investigations.
Is it legal for a cashier to refuse to accept coins in payment for goods or services?
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
What is the difference between inter-company and intra-company?
Inter company transaction is between two or more related legal entities while intra company transaction is within the same legal entity.
Do you need proof of payment in order to get your money back from someone in a court of law?
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.
What in legal terms is a payment ex gratia?
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.
