Actually, they don’t have to accept it. It may be legal tender, but if a business doesn’t want your money, they don’t have to take it. It’s a good idea to take it, but they don’t have to.
What will they take when the whole credit system goes in the dumpster? Gold, Bitcoins, and cash will come back in style, I’ll bet.
You’re wrong. Once a price in U.S. dollars has been determined, an agreement (contract) has been reached by the seller to exchange that good or service for a set amount of U.S. dollars. Once the contract is set, then the buyer can give the U.S. dollars agreed upon in any legal form.
The treasury notes are legal tender for all debts, public or private.
That means if there was a contract that the buyer would accept 5 U.S. dollars in exchange for the salad, then a $5 valued U.S. Treasury Note is a perfectly legal way for the buyer to fulfill his portion of the contract. It would be a breach of contract for the seller to renege based on the form of payment offered when the form of payment is legal tender for private debt.
I don’t have to purchase from them either.