Cash is no longer “king”. About ten years ago, my husband and I gave up having a credit card. Shortly after, we tried to pay cash for an impromptu weekend getaway at a hotel in a not-so-far-away city. Ended up coming back home. Just this week, I tried to reserve a rental car with our VISA debit card. Not accepted. When I called to ask about paying cash, I was informed that only credit cards are accepted for payment. We will not be renting a car.
I think Enterprise rent-a-car still will do it for cash.
Anyways, for everyone else, the UCC deals with this, as far as I know.
It basically says that if you owe a debt, and try to pay it with legally tender money and that offer is refused - the debt is extinguished.
Gone.
Evaporated.