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Old October 20, 2011, 07:04 PM   #25
Micropterus
Senior Member
 
Join Date: August 29, 2009
Location: Newport News, Virginia
Posts: 306
Quote:
Incorrect.

NO law requires that US currency be accepted by either any governmental or private entity.
Rather semantical.

Nothwisthanding a dispute over the ownership of property, courts will always, without exception, resolve a dispute regarding an obligation of one party to another in monetary value. If one owes a service that he refuses to perform, he will be required to pay the value of the service in money. Damages in civil cases will be awarded in money.

Money will always be seen as a (really as the most) base form of debt satisfaction.

You are correct that there is no law requiring and entity to "accept" currency. But currency will always be seen as satisfactory and final way to absolve a debt. If the debtee refuses to accept it, then he does without. Money is the last recourse.
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Rowland
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