this post was submitted on 28 Jan 2024
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Actually Tort law in every state makes any debt null and void if payment in legal tender is refused. A promise note, whatever the fuck that is, does not constitute legal tender. That's why your dollar bills say they're legal tender for all debts public and private. And also why people have gotten away with paying large debts in pennies just to be an asshole.
As they say, In God we trust, all others pay cash.
huh interesting… in australia there’s an upper limit on the amount you can pay with low denomination coins
https://en.m.wikipedia.org/wiki/Australian_five-cent_coin#cite_note-4
Wait, so, if I owe you 6,05 AUD, it's impossible to pay you in full with legal tender?
In general you can get away with it once in the US. After that, it's still payment, but is also considered harassment, and they'll charge you for it. There isn't a law against it, because they'll apply other laws if you do it
Local proof of this:
A local artist received a 15000 LTL (now unused currency, now 4350 EUR) fine for calling in a fake bomb threat at his friend's wedding. He proceeded to pay it in cent coins, which weighed 700 kilos.
Regarding promissory notes, they are definitely a thing, also known as a note payable, two people agree that x will pay y with a certain amount and interest and it is as good as money, but you can't just randomly write one up.
Wikipedia link
But is his promise note actually a promissory note? Or is it some sovcit bullshit to avoid banks?
I suppose he will try to make a fake promissory note and try to give it to the bank.