£50 note withdrawal

Feb 11, 2013 283 Replies

stick to it?

print notes, then why not, at the same time as issuing them with that license, make those notes "legal tender" (which they more or less are anyway!). Either that or make them produce the notes idealistically to the Bank of England ones.

I meant both.

I accept that a shop could refuse some money BEFORE a transaction. But if it's payment for a service which has ben completed, or something you cannot return (like petrol), then thye should have to accept all legal tender.

difficult.

If you have a piece of paper with a magnetic strip it ain't no banknote.

more difficult.

Well whatever those black things are.

though this does make it easier to withdraw the less secure ones

tim

They do, but that doesn't include Scottish bank notes.

Chris Blunt said "even if you made Scottish notes legal tender that would only ensure they were acceptable in court"

Nope, shops are free to refuse anything. Say a 24H petrol station adopts a policy of only accepting card payments at night to protect their attendant from being held up, then what would be their offence/civil wrong?

None, but if the customer wasn't fairly warned beforehand, he should get free petrol.

Not really. A creditor would still be free to accept any form of payment mutually agreed with the debtor. The only thing he could not refuse would be legal tender. In practice I doubt whether that situation ever arises.

Chris

stick to it?

print notes, then why not, at the same time as issuing them with that license, make those notes "legal tender" (which they more or less are anyway!). Either that or make them produce the notes idealistically to the Bank of England ones.

payment for a service which has ben completed, or something you cannot return (like petrol), then thye should have to accept all legal tender.

That is exactly what does happen.

If you take something and use or consume it in a way that makes it unreturnable then you have created a debt to the person you obtained it from. If you fail to pay for it in an acceptable way then you can be sued for recovery of that debt. If the court rules in favour of your creditor then you will be required to pay, and the creditor will be compelled to accept your payment as long as you proffer it in legal tender. That is exactly what legal tender is; a method of payment that cannot be refused in court as settlement of a debt.

Chris

If he was evil enough to try to get the defendant into more trouble.....

So technically in Scotland the petrol station could refuse my Scottish £20 notes, and take me to court. Don't you see how absurd this is?

In message , Major Scott writes

So's the idea of Scottish 'independence' - but try telling that to the Scots (well, some of them).

A lot of Scots laws are more sensible than the English versions. I will be voting yes to independance.

State why you think it's a bad idea? (I'm only a marginal yes)

Even worse, the petrol station could refuse to accept *any* form of cash as payment and accept only cards. In fact that is *exactly* the case in many petrol stations in my area after a certain time at night. So if you arrived at the petrol station with an almost empty tank and only cash in your pocket, you would be stuffed, because the pump won't switch on unless you insert a valid card.

At least in that case you are warned before you start.

It is most unwise to leave your tank that empty. As soon as mine is below half, I fill up at the next convenient station. Saves me having to fill up if I'm in a hurry or something else goes wrong, like you just stated.

Nobody is in any trouble. This is simple settlement of a debt.

Chris

print notes, then why not, at the same time as issuing them with that license, make those notes "legal tender" (which they more or less are anyway!). Either that or make them produce the notes idealistically to the Bank of England ones.

it's payment for a service which has ben completed, or something you cannot return (like petrol), then thye should have to accept all legal tender.

notes, and take me to court. Don't you see how absurd this is?

It might be absurd if it should ever occur, but you've deliberately taken a very unlikely situation that would probably never happen in practice. If you're going to do that there are many things in life that you could show as being absurd.

Chris

In just about every thread in which "Major" Scott (Family Motto - Lumbos meos caput meum) participates, he wriggles and introduces more and more unlikely scenarios. He IS in my KF. Not many people are.

Not paying it would cause trouble.

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