All Questions
7
questions
4
votes
2
answers
774
views
Do any USA states require accepting US cash for payment of goods or services?
According to the United States Federal Reserve:
There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or ...
- 1,185
10
votes
3
answers
5k
views
Can a business owner refuse specific Bills and Coins?
I was reading an article article which outlines a Pizza Shop owner in Canada who is refusing to take $10 Bills with John A. MacDonald on them. For context John A. MacDonald(the first Prime Minister of ...
1
vote
3
answers
357
views
Is unintentional one-time bug abuse illegal?
Concrete examples :
Someone making API requests through a banking platform, withdrew many times in succession, and through some miracle bug they all went through.
Someone unaffiliated with a ...
- 111
3
votes
3
answers
212
views
How does a flow-through LLC own assets?
A Limited Liability Company (LLC) is a business under US law with the following characteristics:
Establishes a "corporate veil" of limited liability, such that creditors or lawsuits can only go after ...
- 363
0
votes
1
answer
70
views
What consequences does a business face if money taken and also misapplied?
As a customer, I made a payment with my debit card for a monthly bill I have each month. The amount sometimes changes so I asked for a amortization of payments. After reviewing I noticed 2 big errors. ...
4
votes
2
answers
2k
views
Can someone deny cash as the payment method?
There are a few restaurants in my area where cash payments are not accepted. They only accept electronic payments such as credit cards, local debit cards, etc. Is this legal?
On most currencies, it is ...
- 1,723
4
votes
5
answers
1k
views
Borrowing from a relative or friend without documentary evidence — is it money laundering?
Suppose a person borrows money from a relative or friend, say, 10 million USD, without documentary evidence — the transaction is purely based on trust and cultural norms.
If the borrower invests the ...
- 239