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Old 11-07-2015, 02:34 AM   #99
Fbone
Is that a sandwich?
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Quote:
Originally Posted by GA Russell View Post
Regarding the legal tender issue, I think that

1) It is a federal matter, not a state matter; and

2) The relevant law would probably be either the congressional act which established the Federal Reserve System in 1913; or perhaps a second law was required in the mid-60s when the "silver certificates" were discontinued and replaced by the Federal Reserve Notes.

The dollar bill I hold in my hand says, "This note is legal tender for all debts, public and private."

Perhaps before you have purchased a book there is no debt. I would like to see an American lawyer chime in.
I'm not a lawyer but I believe you are correct. By purchasing a book you are entering a contract (although a brief one) with the merchant. They are not obligated to accept the terms of the contract by accepting your cash.
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