Well now it has been made known that since cash is dirty and companies do not want to have contact with cash because of COVID they are not accepting cash or coin as payment for debt.
So I went to the Fed Reserve to look it up and well ...
Section 31 U.S.C. 5103, entitled "Legal tender," 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 is 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 payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.
Now we are printing the hell out of cash for what if it’s no good in stores .. wth is next a forced crypto key digital currency across the globe ..
So I went to the Fed Reserve to look it up and well ...
Section 31 U.S.C. 5103, entitled "Legal tender," 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 is 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 payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.
Now we are printing the hell out of cash for what if it’s no good in stores .. wth is next a forced crypto key digital currency across the globe ..
