Re: How much was a ticket for the underground in the 60s?
  Home FAQ Contact Sign in
uk.transport.london only
 
Advanced search
POPULAR GROUPS

more...

 Up
Re: How much was a ticket for the underground in the 60s?         

Group: uk.transport.london · Group Profile
Author: Michael R N Dolbear
Date: Jun 21, 2008 13:14

--
Mike D

Neil Williams pacersplace.org.uk> wrote
> On Fri, 20 Jun 2008 23:55:16 +0100, yahoo.co.uk> wrote:
>
>>If the notes are from Scotland and bear the word sterling then they
are
>>legal tender and I believe that retailers have to accept them.
>
> They aren't, though for the purposes of retail it's irrelevant
whether
> they are or not, as the concept of legal tender refers only to
payment
> of a debt.
>
> A retailer may choose to accept or not accept any method of payment
> for any reason[1] he or she chooses, as no debt exists because the
> goods aren't yours until paid for.
>
> [1] Other than racism, sexism etc.

For an "ordinary" retail transaction, yes.

But if you are paying your monthly newspaper bill or the bill in an
ordinary restaurant or you are (thinks) at the drycleaners then there
is a debt so the legal tender rules apply.

http://www.bankofengland.co.uk/banknotes/legaltender.htm

and indeed for the US
http://www.treasury.gov/education/faq/currency/legal-tender.shtml

The US, unlike the UK, apparently doesn't have a law preventing you
legally paying a debt in 1 cent or other tiny coins.

--
Mike D
no comments
diggit! del.icio.us! reddit!