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0
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1answer
158 views

Do legal tender laws require the debt collector to make change?

I've read that legal tender laws require a debt collector to accept any legal tender for the debt. Does the law also obligate the debt collector to return any change owed? So suppose I walk into a ...
1
vote
1answer
136 views

Legal way US based Employer transfer money to India based employee

I am a software engineer, currently working for a US based company. Situation : I have got my old US employer back with me where they want me to be their employee right now (meanwhile they are ...
1
vote
1answer
102 views

Must I accept Canadian funds if I do business in Canada

I'd like to sell a product in Vancouver, Canada. If the company is Canadian, must I accept Canadian dollars? If my company is not incorporated in Canada, does anything change ? Can I sell a product to ...
5
votes
1answer
576 views

Can limits be placed by a merchant on which currency notes are accepted as legal tender? [duplicate]

Possible Duplicate: It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies? Here in the USA, it seemed to be becoming more and ...
33
votes
4answers
9k views

How common is counterfeit money in circulation?

I've noticed recently that several places where I paid with a $20 bill, the cashiers used a small marker to detect whether the bill was counterfeit or not before accepting it. Like so: I saw this ...
10
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4answers
370 views

I've heard pennies are being phased out in Canada. Is this true?

If so, will it affect how retailers price items? Will they round up?
3
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1answer
223 views

Do companies that get taken-over have to honour the old gift card/certificate?

With reference to this question, can companies that get taken over set limitations on honouring gift cards issued prior to the take-over? Also if a company just changes it's name, can it set limits ...
4
votes
1answer
3k views

Do gift cards expire? Does a gift certificate's value depreciate? How long can I keep them for?

I recently found several gift certificates (yes, way back when) from stores like Restoration Hardware, Omer DeSerres (now Loomis) and Jacob. I live in Canada. Can I use these certificates today, ...
35
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4answers
10k views

It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies?

I'm trying to find out about businesses refusing $50 & $100 bills. Aren't they required by law to accept all legal tender? I had one person say it could be that it's not all legal (i.e. a ...