At 06:19 PM 12/8/2002 +0200, you wrote:
I seem to recall there are still provisions in the statutes for contracts to be fulfilled by whatever therms are spelled out. For example, if a contract requires that you deliver pork bellies, you cannot merely substitute the cash value of the porkers.Errata: "companies are forbidden from accepting them as payment" is, of course, "companies are REQUIRED TO accept them as payment".Sorry. Mark ----- Original Message ----- From: "Marcel Popescu" <[EMAIL PROTECTED]> > The reason the IOUs emitted by the Bank of England were *initially* accepted > was that they were redeemable in gold or silver. *One* reason they are now > accepted is that they are legal tender - you can pay your taxes with them, > and companies are forbidden from accepting them as payment.
steve
