2006-10-16 06:19:39 · 15 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
It depends where you live. If you are in Scotland, this is legal. If you live in England or Wales, this was partially illegal.
All Bank of England banknotes are legal tender in England and Wales. This means that they legally are considered as payment for a debt. The same applies to Royal Mint coins, but only in limited quantities for each coin.
Now, the question is whether there was a contract at the point at which the shop refused the money. If the shop assistant had rung the purchase through the till, then it is quite possible that you could argue that they has accepted your offer of purchase, and a contract was in place. If this is that case, then you could theoretically sue the shop for breach of contract, since they refused to give you the item even though you had given them your payment - it doesn't matter that they then refused it.
So, what the shop did was wrong, but it's borderline as to whether a civil offense occured! If there was a sign saying that £50 notes were not accepted, then I don't think you've a leg to stand on.
By the way, almost everyone else has it wrong here. £50 notes are legal tender, as are all other Bank of England notes.
2006-10-16 08:10:37 · answer #1 · answered by Xexyz 2 · 1⤊ 0⤋
There are a number of shops in my area that refuse to accept £50, and not all of them have signs up. When I queried it one day, I was told that it is because there are lots of dud £50s in circulation, and they have no redress if they take a fake £50.
Personally, I wouldn't want to walk around with loads of £50 notes; losing a fiver is bad enough but losing a £50 would kill me!
2006-10-16 14:10:48 · answer #2 · answered by Ms Fabulosity 3 · 0⤊ 0⤋
Its all to do with contract law and offer to treat.
Basically you can't make a shop sell you something so if they don't like your money (there are a lot of forged £50s about) that's it.
2006-10-16 13:36:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
.Yes a shop is well within its right to refuse any form of payment that they do not want to. A lot of shops no longer accept cheques as well. I think that is fantastic
2006-10-16 13:22:22 · answer #4 · answered by Anonymous · 1⤊ 0⤋
technically no paper money is legal tender/cash it is merely a note promising to pay to the value of the note..(like an early form of cheque) it is nowadays classed as the norm to accept paper cash
2006-10-16 13:29:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I suppose it depends on who made the £50. note.
2006-10-16 13:27:33 · answer #6 · answered by cymry3jones 7 · 0⤊ 0⤋
In the U.S. a lot of businesses will not accept bills larger than $20's. It's just how it is. :)
2006-10-16 13:28:33 · answer #7 · answered by njyecats 6 · 0⤊ 0⤋
i don't know about there but i know in north america it is. they can refuse if , if they suspect if to be false. or it could be store policy. i know my old grocery store didn't accept $100 bills or 50$...
2006-10-16 13:27:34 · answer #8 · answered by chocolateknight69 3 · 0⤊ 0⤋
maybe they hadn't enough change if your worried write a letter of complaint to the boss of the shop explaining the situation and threaten to take it further it'll scare them!!
2006-10-16 13:21:33 · answer #9 · answered by *BABALICIOUS* 2 · 0⤊ 0⤋
I think it's wrong, it's their problem to check it, and if you are sure you haven't printed that note you should make a complain.
2006-10-16 15:03:39 · answer #10 · answered by dre 2 · 0⤊ 0⤋