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if you owe a business money, you can pay the debt in cash.
by fsckboy 6y ago
if you owe a business money, you can pay the debt in cash.
- ByteJockey 6y agoCorrect, but if you want to buy something, you don't owe them anything yet. However, if you stole the thing and were ordered by the court to pay restitution, they would have to accept cash for that.
- jedberg 6y agoYes, but you don't owe them any money if you want to buy something. From the link: "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"
- fsckboy 6y agobut if you are going to quibble and point out myths and misconceptions, why not just tell the whole story instead of half of it. If you eat in a restaurant, and they tell you "cards only", you owe them money, and your cash is good. "good for all debts, public and private" has a meaning that is not vitiated by a "no cash" policy.