Posted 5 years ago on Feb. 2, 2012, 11:41 a.m. EST by asauti
from Port Orchard, WA
This content is user submitted and not an official statement
Does anyone know what "Legal Tender" means in this country?
Here is the definition from wikipedia.org: "Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation."
So, "Legal Tender" means that any/all contracts in the United States can ONLY incorporate The Dollar (U.S.) as the legal method for fulfilling any/all payment?
I have left this post "short" on further explanations, on purpose, so others can "fill in the blanks" of exactly what this means.
Let the discussion begin!