This note is legal tender...

[timwinters]

...for all debts. Public and private.

That phrase is on all of our paper currency. I also *thought* it was the law that businesses have to accept it...

...so why does Philadelphia have to pass a law outlawing "cashless stores"?

I also thought the sign that many convenience store have posted over the years stating; "$100 bills not accepted" was also tachnically illegal...but maybe not.

Okay, legal beagles, what say you?

 

[PeterNSteinmetz]

I see signs saying that $20 bills are the maximum they will take. Probably to minimize their exposure if the bill winds up being counterfeit.

However, counterfeit 20s are apparently much more common than counterfeit 100s.