Should 200 pennies be readily accepted to satisfy a required $2.00 payment since pennies are legal tender?
- A.J.Lv 73 weeks agoFavorite Answer
The coinage act of 1965 made all US Coins legal tender in any amount, but then you must consider what legal tender means. A merchant (seller) or provider of service can specify which payment forms or terms are allowed, and which are not allowed for any good or service, before a debt exists. Once a debt exists, any legal tender is generally considered acceptable to satisfy a debt. If the entity you owe a debt to refuses to accept a legal tender offer, a judge can cancel the debt on that basis. But dumping a wheel barrel full of pennies could be seen as abuse with the labor involved.
A seller therefore can choose how many pennies are acceptable to buy a good or service, but in offering to pay a debt higher priority goes to the payer of debt if it's reasonable.
So, when you say payment, is that before you have the item, or after when it becomes a debt? Before you have the item, the seller can say no with no obligation otherwise. After it is a debt, 200 pennies is not considered unreasonable usually.
- JudyLv 73 weeks ago
actually they aren't
- 3 weeks ago
Maybe. Why don't you give it a try? There's a coin shortage, you know!