Legal tender laws in the U.S. are inherently discriminatory. The reason is the fractionalized banking system. A bank in the U.S. can legally lend 10 times the money they have on deposit. This money (for every dollar they have, they can create nine dollars out of thin air) power grant...
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Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender.
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12. LegalBusinesses may hire legal services to help resolve disputes in the workplace or manage legal documents. The legal services can offer guidance on how to approach the legal matter and what the company is required to do legally. For example, if the company is trying to resolve a dispu...
The Supreme Court of Appeal is the second highest court in the South African judicial hierarchy; and the judgments arose in the following cases: Butters v Mncora2012; Cloete v Maritz2014; Ponelat v Schrepfer2012; Steyn v Hasse2015. Although some men are victims and some women the perpetrator...
As we saw earlier, the currency in Iceland is the Icelandic króna. As the official legal tender in Iceland, it's the sole currency recognized by the Icelandic government, and you can use it to settle all financial obligations in the country, from paying for your hotel stay to the entrance...
Legal tender is any form of payment recognized by a government, used to pay debts or financial obligations, such as tax payments. National currencies, such as the U.S. dollar, are legal tender. In the U.S., the Treasury is authorized to create and issue dollars to the public.3Federal ...
A market is any place where two or more parties can meet to engage in an economic transaction—even those that don't involvelegal tender. A market transaction may include goods, services, information, currency, or any combination that passes from one party to another. In short, markets are ...
The term "fiat" is derived from the Latinfieri, meaning an arbitrary act or decree. In keeping with this etymology, the value of fiat currencies is ultimately based on the fact that they are defined as legal tender by way of government decree. ...