Legal Question in Business Law in California

is it illegal for a business to refuse cash as payment?

Asked on 6/25/13, 6:28 pm

2 Answers from Attorneys

Anthony Roach Law Office of Anthony A. Roach
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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.

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Answered on 6/25/13, 6:40 pm
Bryan Whipple Bryan R. R. Whipple, Attorney at Law
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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.

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Answered on 6/30/13, 12:54 pm

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