[QUOTE="LJS9502_basic"]*sigh* Public not private debt. Private companies do NOT have to accept pennies as payment. Period.[QUOTE="_en1gma_"] Ummm...no. The truck towing company is a settlement of DEBT. Settlements of debt cannot refuse legal tender. Pennies are legal tender. The law you brought up does not apply to this case.
_en1gma_
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All this means is that the Federal Reserve System must honor U.S. currency and coins, not necessarily anyone else. U.S. currency and coins can be used for making payments, but merchants do not necessarily have to accept it for all forms of business transactions."
Yeah, I'm sure this tow company was not affiliated with the city or country.. :roll: If this company was affiliated with the government in any way, they MUST accept pennies as it is legal tender. So unless you give us proof that this company was not affiliated with the government, there is no point in arguing that the Coinage Act of 1965 does not apply to private companies.lol LJ got pwnd:lol:
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