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Old 07-31-2009, 05:04 PM   #35
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Join Date: May 2002
Location: Toronto, ON, Canada
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Originally Posted by BMW_7 View Post
it's american

Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code 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. Foreign gold or silver coins are not legal tender for debts.

What this statute means, in the words of the United States Treasury, is that "[A]ll United States money . . . is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal law mandating that a person or organization must accept currency or coins as for payment for goods and/or services."

a tow truck company is a creditor, its not selling you goods or services
The Americans make no mention of limitations. Pulling off a similar stunt in Canada may not generate a similar outcome. My question about debt repayment is still open for an answer in respect to Canadian law.

Kids, don't try this at home. Posted for entertainment value only!
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