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rackld
Jan 10, 2007, 10:59 AM
Hi,

Can a merchant in the United States refuse to accept cash as payment? I'm not talking about a bag of pennies, but cash in reasonable denominations. For example, many hotels seem to have a policy declining cash. Is this legal? Also if you sign a lease, it likely contains a provision that payment will be by check, or other non-cash entity. Is this contract provision enforceable?

Dave

RickJ
Jan 10, 2007, 11:03 AM
Per the US Treasury, private businesses are free to develop their own policies on whether to accept cash unless there is a State law which says otherwise. See here (http://www.treas.gov/education/faq/currency/legal-tender.shtml)for more info.