store refused money

ses6jwg

Buying something is an invitation to treat. They can refuse to sell you something for any reason they like.

Valli

vaporate wrote: »

They are not allowed to refuse cash so god knows what they were thinking..?

Of course they are allowed to refuse cash - in any denomination. Chemist near me has a sign up - they will not accept £50 notes - company policy.
Shops can (and do) refuse to accept cheques; refuse to accept card payments (and many do, for small transactions, because the handling fee they incur eats into their profits).

Paul_the_Painter

It's not even just in settlement of a debt. Legal Tender just means that you can use it to settle a debt at a court. The fact is we use it simply because we can use it to settle a debt through the courts.

The actual reason they refused is probably because the country is awash with fake £1.00 coins. It's just that we keep on recycling them back into circulation because they are relatively small value.

[Deleted User]

stores often reject bags of coins sadly had it rejected couple of times seem their banks dont accept or store only take notes and debit cards :S

kev.s

cool, every day's a learning day

Nukumai

THe concept of legal tender is quite simple...though much misunderstood.

By and large, legal tender is a means of payment that - if the payment of a debt is challenged in court - said debt will be deemed to have been extinguished if it was paid in legal tender.

As others have eloquently stated, a shop can pretty much decline any means of payment/consideration they choose (though this would be an odd business model to adopt...)

Cmdr_Bond

I heard somewhere (though I find it hard to believe) that coins of the realm cease to be classed as legal tender if you proffer more than 30 for one transaction...

That aside - certain building societies will only let you pay in so many bags of coins in one go (unless a business/child account I think)

Don't forget TIME IS MONEY.

Whilst coins are generally counted by weight in small stores due to not being able to afford counting machines, this is invariably only during cashing up.

So the cashier is going to have to count each individual coin to make sure the correct amount is there, this takes time and there is a greater risk of miscounting the larger the amount. The time taken could also make other customers leave without purchasing due to increased queues.

So whilst it seems daft for a store to refuse good honest cash for its goods, it may well have good reason.

And as said above, it is only "an offer to treat" - they can refuse you for any reason they like, doesn't even have to be a good one.

Just playing devils advocate.

noh

Cmdr_Bond wrote: »

I heard somewhere (though I find it hard to believe) that coins of the realm cease to be classed as legal tender if you proffer more than 30 for one transaction...

.

Different amounts for each value of coin.
See here:-
http://www.royalmint.com/corporate/policies/legal_tender_guidelines.aspx

Cmdr_Bond

noh wrote: »

Different amounts for each value of coin.
See here:-
http://www.royalmint.com/corporate/policies/legal_tender_guidelines.aspx

Cheers for that, highlighted one particular line...

Coins are legal tender throughout the United Kingdom for the following amount:

£5 (Crown) - for any amount

£2 - for any amount

£1 - for any amount

50p - for any amount not exceeding £10

25p (Crown) - for any amount not exceeding £10

20p - for any amount not exceeding £10

10p - for any amount not exceeding £5

5p - for any amount not exceeding £5

2p - for any amount not exceeding 20p

1p - for any amount not exceeding 20p

Anyone else ever hear of a 25p piece?

Also, why the Crown in brackets after it? - I would have gone with the definition of Crown and Half Crown from old money, except they have put Crown against the £5 coin as well.

[Edit]

nm - did some digging

http://en.wikipedia.org/wiki/British_twenty-five_pence_coin
http://en.wikipedia.org/wiki/Five_pounds_(British_coin)

ffacoffipawb

ses6jwg wrote: »

Buying something is an invitation to treat. They can refuse to sell you something for any reason they like.

"Sorry Sir, I cannot sell you that because you're black."

Yeah, right.