The Brave web browser
The Brave web browser
Posted Jun 29, 2017 15:02 UTC (Thu) by Wol (subscriber, #4433)In reply to: The Brave web browser by cladisch
Parent article: The Brave web browser
There was a problem with lenders refusing to accept notes - despite them prominently containing a notice that the Bank Of England would swap them for gold on request - "I promise to pay the bearer on demand the sum of one pound".
So Parliament created legal tender. If a debtor proffered "legal tender" in settlement of a debt, the creditor *had* *to* take it - or forfeit their right to take the debt to a court.
I've actually used this to my advantage on one occasion - I ordered a load of goods mail order, and the supplier completely cocked up taking payment (I tried to pay by debit card). After a couple of requests for payment, which I tried to comply with, they sent the matter to their lawyer who sent me an email nastygram. I replied "I've tried to pay. Here's the details. I wouldn't see me in court if I were you - legal tender you know. You need to talk to your accounts department and tell them if they've got any sense they'll write the debt off." They did :-)
Cheers,
Wol
