0
Refusing to accept payment can have legal implications depending on the circumstances. In some cases, it may be considered a breach of contract or refusal to fulfill a legal obligation. It could also lead to potential legal action or consequences, such as a lawsuit for non-payment or breach of contract. It is important to consult with a legal professional for specific advice on this matter.
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.
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.
Money that a creditor must by law accept in payment for debuts is called?
Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency that is recognized by law as an acceptable form of payment for settling debts and obligations. In many countries, this typically includes banknotes and coins issued by the government. Creditors are required to accept legal tender to fulfill their payment obligations, although they may also agree to accept other forms of payment voluntarily.
What is meant by the term Australian legal tender?
From "The Reserve Bank of Australia" website has this;http://www.rba.gov.au/CurrencyNotes/LegalFramework/legal_tender.htmlLEGAL TENDER The Concise Oxford Dictionary defines legal tender as "currency that cannot legally be refused in payment of debt (usually up to a limited amount for baser coins, etc.)". It is the Bank's understanding that, although Australian currency has legal tender status, it does not necessarily have to be used in transactions. Under the legal tender provisions of the Currency Act 1965 and the Reserve Bank Act 1959, refusal to accept payment in legal tender notes and coins is not unlawful. This is the case even where an existing debt is involved. However, a refusal to accept legal tender in payment of an existing debt, where no other means of payment/settlement has been specified in advance, conceivably could have consequences in legal proceedings, i.e. the creditor may be unable to enforce payment in any other form. It appears that the provider of goods or services is at liberty to set the commercial terms upon which payment will take place before the "contract" is entered into. For example, some toll collection points indicate by signs that they will not accept low denomination coins. If a provider of goods or services specifies other means of payment prior to the contract, then there is usually no obligation for legal tender to be accepted as payment.
Is the money that a creditor must by law accept in payment of debts?
Legal Tender.
Any kind of money that a creditor must by law accept in payment of debts?
legal tender
In Australia is one obliged to accept Australian currency in payment?
Yes - this is what "legal tender" means. The Australian dollar is legal tender in Australia.
A store must accept us dollar bills in payment because the dollar bill is?
legal tenders:)
What do you call any kind of money that a creditor must by law accept in payment of debts?
Legal tender. In plain English, it's the currency that is in use in a particular country. US dollars in America, Sterling in the UK and Euros in much of Europe for example.A creditor is normally free to accept other forms of payment if he chooses to. The creditor may decide to accept a foreign currency rather than wait for the payment in the legal tender of the country. The creditor is normally not obliged to accept anything other than legal tender.
What is limited legal tender money?
Legal Tender is a forced tender payment that should be not refused in settlement of a debt. http://en.wikipedia.org/wiki/Legal_tender
What are the consequences of not accepting a certified letter?
A certified letter contains important information or it wouldn't be certified. It may have legal consequences and you will not be aware of them. If you don't know what's going on then you cannot defend yourself. Your refusal to accept the letter can be used against you in court.A certified letter contains important information or it wouldn't be certified. It may have legal consequences and you will not be aware of them. If you don't know what's going on then you cannot defend yourself. Your refusal to accept the letter can be used against you in court.A certified letter contains important information or it wouldn't be certified. It may have legal consequences and you will not be aware of them. If you don't know what's going on then you cannot defend yourself. Your refusal to accept the letter can be used against you in court.A certified letter contains important information or it wouldn't be certified. It may have legal consequences and you will not be aware of them. If you don't know what's going on then you cannot defend yourself. Your refusal to accept the letter can be used against you in court.
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
