Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Note that legal tender does apply to private entities when it comes to paying debts, at least in the US. Creditors must accept legal tender, or give up claim to the debt.

It’s true that private businesses can set pretty much any payment terms they want for a transaction that hasn’t yet taken place. But the moment you move to a situation where you owe money, they do have to accept cash.



Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: