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by amenhotep
590 days ago
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"legal tender" is a term of art that specifically means a creditor must accept it, and your big quote clearly supported this, discussing only the common misconception that legal tender means it can't be refused in an offer to purchase. You are arguing backwards yourself. |
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The law says that coinage is valid legal tender for an offer to settle a debt but the counterparty is not required to accept it... unless they contractually agreed to do so.
Only the U.S. government is required to accept payment in coins. Many states also require their agencies to accept payment in coinage but some have laws limiting the size of debts that can be paid this way.
https://www.federalreserve.gov/faqs/currency_12772.htm