Sometimes when I go to the store with a lot of change or some rolls of coins, they won't take them. Someone told me that if you're able to purchase an item, and you have the correct US currency, they have to accept the money. Even if they have to count all the pennies. Is this the Law?
2007-03-05 08:45:25 · 8 answers · asked by Sonar User 1 in Politics & Government ➔ Law & Ethics
I live in Michigan, USA
2007-03-05 09:27:50 · update #1
Here is the correct answer to your question.
A business can refuse any sort of payment that they want. They can require exact change. They can accept only change. They can accept no change. So long as they do not treat you differently because of a protected class or status, they can do what they want. It is a private business.
However, if you have (for example) eaten a meal and then wish to pay in dimes, the establishment could not claim that you refused to pay unless they could prove their policy was clear to you before you ate.
This is the correct answer to your question.
2007-03-05 08:53:03 · answer #1 · answered by bartmcqueary 3 · 1⤊ 0⤋
I am not aware of any law pertaining to accepting one form of currency or another, but I can tell you why cashiers do not like rolls of change.
Simply, it's just a matter of verifying you have the correct number of coins in the roll. Only way to do that is to open it up and count. That takes time. Most cashiers,(and business owners),want to get customers in and out quickly. If there is a discrepancy, more time is taken arguing over who is the better counter. Keep in mind also, that same cashier is accountable for all money received at the end of the day, to a boss who may fire her/him for being short on receipts.
2007-03-05 09:24:29 · answer #2 · answered by navymom 5 · 0⤊ 0⤋
There is no law that says they have to accept the rolls of coins, or a handful of coins if you take them out of the wrapper to count them.
They have to accept legal tender if a debt has been incurred. Since when making a product purchase there is no debt, they don't have to accept it.
Add: With reference to the above, if you've finished a meal in a restaurant, you have incurred a debt, so they would have to accept your money.
2007-03-05 08:58:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes and no. They must, eventually, accept the coins. However, if you are buying, for example, a car that costs $40,000.00 and you want to pay with 4 million pennies, they can charge you for the time it takes them to count, package, and to transport all of the pennies -- and that may exceed the cost of the car.
2007-03-05 08:52:27 · answer #4 · answered by Anpadh 6 · 0⤊ 0⤋
They don't have to take your money....Place refuse to take bills over $20 or $50.. Some banks refuse rolled coins
2007-03-05 08:49:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I'm not sure where you live. The Illinois tollway (around Chicago) tried to exclude the acceptance of pennies, and the court forced them to take it.
2007-03-05 08:49:55 · answer #6 · answered by Ben H 5 · 0⤊ 0⤋
It is not the law. They have the right to refuse service to anyone for any reason.
2007-03-05 08:48:33 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Yes.
2007-03-05 08:49:57 · answer #8 · answered by Kerry R 5 · 0⤊ 2⤋