LA bans cash for some retail sales

Discussion in 'News / Current Events' started by billwald, Oct 20, 2011.

  1. billwald

    billwald
    Expand Collapse
    Banned

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    0
  2. matt wade

    matt wade
    Expand Collapse
    Well-Known Member

    Joined:
    Jan 6, 2009
    Messages:
    6,156
    Likes Received:
    76
    This is a horrible, horrible piece of legislation. If I was in LA I would fight hard against it.
     
  3. Bro. Curtis

    Bro. Curtis
    Expand Collapse
    <img src =/curtis.gif>

    Joined:
    Oct 25, 2001
    Messages:
    20,256
    Likes Received:
    4
    "This note is legal tender for ALL debts, public and private."

    It will never stand.
     
  4. matt wade

    matt wade
    Expand Collapse
    Well-Known Member

    Joined:
    Jan 6, 2009
    Messages:
    6,156
    Likes Received:
    76
    I don't think the law will stand either, but it won't fall based upon this line. That refers to debts, not the purchase of goods or services. A transaction where money is exchanged immediately does not fall under the designation of a "debt".

    I guess store holders to probably find a loop hole here where they could extend the good on credit and then the people could pay that debt with cash. It would require more paperwork than it was worth though.
     
  5. plain_n_simple

    plain_n_simple
    Expand Collapse
    Active Member

    Joined:
    Oct 18, 2011
    Messages:
    1,887
    Likes Received:
    5
    The law will change. It will be a total electronic exchange soon, and you'll never stop it.
     

Share This Page

Loading...