Marcel Popescu wrote: > It does appear that the law in England is not as "demanding" as I believed: > > http://www.bankofengland.co.uk/banknotes/legaltender.htm > > <<The concept of legal tender is often misunderstood. Contrary to popular > opinion, legal tender is not a means of payment that must be accepted by the > parties to a transaction, but rather a legally defined means of payment that > should not be refused by a creditor in satisfaction of a debt.>>
Yep. If I owe you 100 quid, and I give you that value of English bank notes, and you sue me in an English court saying I haven't paid, you will lose. Which is fair enough - it is the state's court so why should they help you if you don't like the state's money? If I offer you 100 pounds worth of cowrie shells, then they might take a different view.
