is it illegal for a business to refuse cash as payment?
2 Answers from Attorneys
The money says "legal tender, for all debts, public and private." I've had court clerks refuse to take cash before. I'm not sure how you would enforce it. I know a lot of people in other countries who would prefer our money.
There is a difference between paying a debt and making a cash purchase. A cash purchase is an "instantaneous" transaction, in which money is exchanged for goods. Whereas cash must be accepted in payment of a pre-existing indebtedness, a merchant can refuse to accept cash if he be so foolish.
Related Questions & Answers
I want to form a corporation in CA and elect to be taxed as an S Corp. I eventually... Asked 6/25/13, 4:46 pm in United States California Business Law
I'm a software consultant who has been doing work for a SF-Bay Area startup for the... Asked 6/25/13, 7:25 am in United States California Business Law
My boss has not been making my child support payments but is taking the money from... Asked 6/24/13, 7:45 pm in United States California Business Law
Defendant showed up to court after being served by sheriff claiming he didn't... Asked 6/24/13, 12:40 pm in United States California Business Law
Can an agent of a company require an employee to seek medical attention for a work... Asked 6/24/13, 11:53 am in United States California Business Law