The note says that you cannot refuse cash for debt purposes. It does not say that you have to accept cash for purchasing purposes. That was to protect indebted people from losing their land or tools because somebody refused cash to settle a debt.
A smart retailer will be as flexible as possible, but there is no law stating that he must accept cash.
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Read the law!
Cash cannot be refused.
I’m no lawyer, but it would seem to me that the key element would be whether the purchaser has taken possession of the item. If he has, then he owes the vendor the price of the item, and the vendor must accept cash or forgive the debt. If he hasn’t, then the vendor can simply refuse to make the sale.
Anyone know what the actual laws are regarding this?
I’ve yet to see an arrest or prosecution because a person had only cash for a retail transaction.
Once I take the goods, I am indeed indebted to pay for them. If the goods are in my possession, they are mine.
Thank you for this post.