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Re: Last on this No iPhone Without Credit Card
From: David Farber <dave () farber net>
Date: Tue, 30 Oct 2007 05:56:17 -0400
Begin forwarded message: From: "Matthew Snyder" <mwsnyder () gmail com> Date: October 30, 2007 12:51:29 AM EDT To: dave () farber net Cc: lauren () vortex com Subject: Re: [IP] No iPhone Without Credit Card Lauren Weinstein wrote:
Perhaps of more interest, I'm not entirely sure that such a policy is actually legal from a purchase nondiscrimination standpoint in this case. The entire area of requiring credit cards for goods or services seems rather nebulous. U.S. currency still supposedly is good for "all debts public and private."
It's rather clearly settled by the US Treasury: http://www.treas.gov/education/faq/currency/legal-tender.shtml "The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues." This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise." ------------------------------------------- Archives: http://v2.listbox.com/member/archive/247/=now RSS Feed: http://v2.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
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- Re: Last on this No iPhone Without Credit Card David Farber (Oct 30)