I'll let you into a little secret :) - Page 3

emzy · 12-03-2009, 15:11

Quote:

Originally Posted by K.S.H

in any amount? is that cause they don't need it for change

Posted via Mobile Device

Am guessing so. Ive never tried to be honest but someone i know did and was told that they wouldnt pay with them

pipinfort · 12-03-2009, 15:29

I`ve heard this before..............

K.S.H · 12-03-2009, 20:16

Quote:

Originally Posted by Studio25

A shop doesn't have to accept cash at all! Likewise there is no legal obligation to give change.

Whether the shop would stay in business if it implemented either of these is another matter, though.

"Legal tender"is simply payment that satisfies a debt, if offered. As most shops hand over the goods when payment is received, then there is no debt. If you try to buy something for £20 using 1p coins, the shop can either accept it or not. If it won't accept it, you're not then entitled to walk out with the item, nor is any offence committed.

You can satisfy a debt in any way that is mutually acceptable: cash, cheque, credit card, cattle, sexual favours etc - but if an offer is made to settle a debt using legal tender (the coins and amounts specified earlier) and that offer is refused, the debt is still legally satisfied.

Yeah I read most of this last night, what I'd like to know is If I offered to pay with a £50 and they refused would the debt be classed as settled

lots of shops won't accept these - might go on a shopping spree this weekend armed with a few £50 notes

SamF · 12-03-2009, 21:10

Read a £5 note. Notice it says pay the bear on demand the sum of five pounds. You can legally go up to the cheif cashier and demand 5 pounds, keeping your note.