Finances

aerius · Post by **aerius** » 2004-03-02 12:31pm

Darth Wong wrote:Now that I think about it, I may have an "insolvable problem" for the "Stratigic Defense Instatute" to solve with their specialty of "out of the box" thinking: figure out how to buy and use a scanner. Shouldn't be too hard for a whole panel of experts, or their Dean of Technology

I don't believe retailers accept piggy banks, but there might be an exception or 2 somewhere.

CmdrWilkens · Post by **CmdrWilkens** » 2004-03-03 10:31am

aerius wrote:
Darth Wong wrote:Now that I think about it, I may have an "insolvable problem" for the "Stratigic Defense Instatute" to solve with their specialty of "out of the box" thinking: figure out how to buy and use a scanner. Shouldn't be too hard for a whole panel of experts, or their Dean of Technology
I don't believe retailers accept piggy banks, but there might be an exception or 2 somewhere.

Well from a technical standpoint so long as the contents of the piggy bank are valid US currency (even pennies) then a retailer must accept them. I have seen someone actually pay for a 20-odd dollar purchase with nothing but loose change, and you can't say anything as a retailer because you are legally bound to accept the money.

Ted C · Post by **Ted C** » 2004-03-03 11:06am

CmdrWilkens wrote:Well from a technical standpoint so long as the contents of the piggy bank are valid US currency (even pennies) then a retailer must accept them. I have seen someone actually pay for a 20-odd dollar purchase with nothing but loose change, and you can't say anything as a retailer because you are legally bound to accept the money.

Actually, no. If you actually have a debt, then the person to whom you owe the money is obliged to accept whatever legal tender you choose to give them, but retailers are not required to accept any particular method of payment for goods or services they haven't actually provided yet. The retailer in the incident you cite must not have been aware of this fact.

Geran · Post by **Geran** » 2004-03-04 04:34am

I Don't know about America, but on my site of the Ocean there are Rules about what a retailer has to accept. For example you cant buy some Chewing gum with a 500 Euro note.
Try it. Go into any shop. Select an Item for about 50$. Pay with 5000 one cent coins. I doubt that will work.

Keevan_Colton · Post by **Keevan_Colton** » 2004-03-04 08:55am

Geran those arent "Rules" they're just common practice, because...I think, here at least...a lot of the people working at tills cannot count by themselves.

CmdrWilkens · Post by **CmdrWilkens** » 2004-03-04 05:41pm

Ted C wrote:
CmdrWilkens wrote:Well from a technical standpoint so long as the contents of the piggy bank are valid US currency (even pennies) then a retailer must accept them. I have seen someone actually pay for a 20-odd dollar purchase with nothing but loose change, and you can't say anything as a retailer because you are legally bound to accept the money.
Actually, no. If you actually have a debt, then the person to whom you owe the money is obliged to accept whatever legal tender you choose to give them, but retailers are not required to accept any particular method of payment for goods or services they haven't actually provided yet. The retailer in the incident you cite must not have been aware of this fact.

For whatever reason, to my understanding, the state of Maryland decided that any debt includes one incurred through the obtaining of goods and services.

Moreover the dfinition of debt includes:
2 : something owed : OBLIGATION

Any agreement governing the exhchange of goods and services (i.e. the act of puchasing) creates a debt on the part of the person recieving the goods which may be fufilled by any legal tender.

Ted C · Post by **Ted C** » 2004-03-04 06:41pm

CmdrWilkens wrote:For whatever reason, to my understanding, the state of Maryland decided that any debt includes one incurred through the obtaining of goods and services.

Moreover the dfinition of debt includes:
2 : something owed : OBLIGATION

Any agreement governing the exhchange of goods and services (i.e. the act of puchasing) creates a debt on the part of the person recieving the goods which may be fufilled by any legal tender.

You haven't incurred the debt/obligation until you've received the goods. If the merchant doesn't want to accept your $100 bill for a pack of bubble gum, all he needs to do is refuse to sell you the gum. You don't owe him anything, and he's not obliged to sell to you if you won't pay in a manner he finds acceptable.

If, on the other hand, you want to pay of the remaining $1000 dollars on your car loan with 2000 rolls of pennies, the lender is obliged to accept them, because they are legal tender for repayment of the debt.

This topic may need to be split into a new thread and moved to a different forum if it keeps up.

Post by **Ghost Rider** » 2004-03-05 06:41pm

Split from here

Dahak · Post by **Dahak** » 2004-03-05 06:49pm

Keevan_Colton wrote:Geran those arent "Rules" they're just common practice, because...I think, here at least...a lot of the people working at tills cannot count by themselves.

I am quite certain that there must be a regulation or a law regarding that stuff, at least here in Germany

You'd be hard put to find something NOT regulated by law

Andrew J. · Post by **Andrew J.** » 2004-03-05 09:50pm

*sigh*

Only here...

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-03-05 11:45pm

I dont know what the offical rules are in California, but business' regularly won't accept large bills. I dont think there is anything illegal about it.

DPDarkPrimus · Post by **DPDarkPrimus** » 2004-03-07 11:10pm

Stewpot wrote:
Nice copout, jack-ass. I thought you said you were an expert.
I am, but you consistantly refuse to aknowledge my supirior training in this aria and claim that your engineering degree makes you more qualified than I am in maters relating to weapons and their effects. What part of your training qualifies you in this aria?

Perhaps the fact that Wong can spell words like "superior", "matters" and "area" correctly?

No, wait... that's proof that you're just some little kid posting when your mommy lets you online.

Notice: This is what I was directed to as a commentary thread, so don't bite my head off.