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
Answered on 10/20/13, 7:14 am
Related Questions & Answers
-
If somone signs a guarantee that is labeled 'unconditional and absolute' to... Asked 10/19/13, 4:27 am in United States Minnesota Business Law
-
I work in the restaurant field as a General Manager with a company for seven years.... Asked 10/18/13, 1:34 pm in United States Minnesota Business Law
-
In minnesota can I collect unemployment if I was given a severence package Asked 10/18/13, 9:11 am in United States Minnesota Business Law
-
Is it legal for an electric company to call the company I have my trailor on to... Asked 10/16/13, 10:51 am in United States Minnesota Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
