Legal Question in Business Law in New York
Foreign currency as payment
is it legal for a business (in this case a
restaurant) to accept Euros as
payment?
Asked on 2/21/08, 11:27 pm
1 Answer from Attorneys
Nancy Delain
Delain Law Office, PLLC
Re: Foreign currency as payment
A business can accept whatever currency it desires; in the US, the legal tender is US Dollars, so it would have to get other currencies converted before being able to spend (or bank) the money.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
Answered on 2/28/08, 11:22 am
Related Questions & Answers
-
LLC Property have an LLC partners 50%separated by disagreements. no operating... Asked 2/16/08, 2:35 pm in United States New York Business Law
-
Employee Confidentiality Breach We had an employee that worked her for a short... Asked 2/15/08, 11:40 am in United States New York Business Law
-
Business Partnership, LLC 50% business partners gone bad. 1 partner has taken... Asked 2/15/08, 6:58 am in United States New York 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.
