Legal Question in Business Law in Minnesota

Can I contract with a person or company to receive for services or products

ONLY U.S. Mint Silver Eagles Coins legal tender face value one dollar each ?

Or am I legally required to accept Federal Reserve Notes even though our contract says otherwise ?

The question has nothing to do with how it is reported for taxes, just what is received for payment.

Asked on 10/19/13, 8:45 am

1 Answer from Attorneys

David Anderson Anderson Business Law LLC

I suppose- just as a contract could specify payment in Buffalo Nickels etc.

But the problem is : What if he pays in $ 100 bills?

You can sue for Breach of Contract, but what are your damages? $0.00

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Answered on 10/20/13, 7:14 am

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