Boltar wrote:

If you think
I'm being unreasonable then go into a corner shop and see the reaction
you get if you try and buy a mars bar with a 50 quid note.

Isn't there an actual law that allows retailers the ability to refuse
payment if offered in too high a denomination?

On Sep 16, 12:50*pm, "Tim Roll-Pickering" T.C.Roll-
wrote:
Boltar wrote:
If you think
I'm being unreasonable then go into a corner shop and see the reaction
you get if you try and buy a mars bar with a 50 quid note.

Isn't there an actual law that allows retailers the ability to refuse
payment if offered in too high a denomination?

I thought it was the other way round, eg paying £150 in 2p coins.

MIG wrote
"Tim Roll-Pickering" wrote:
Boltar wrote:

being unreasonable then go into a corner shop and see the reaction
you get if you try and buy a mars bar with a 50 quid note.

Isn't there an actual law that allows retailers the ability to
refuse
payment if offered in too high a denomination?

I thought it was the other way round, eg paying £150 in 2p coins.

That's is indeed the law

http://www.tclayton.demon.co.uk/dec.html
1 and 2 GBP coins are legal tender to any amount.
20p and 50p coins are legal tender up to a total value of 10 pounds. 5p
and 10p coins are legal tender up to a total value of 5 pounds. 1p and
2p coins are legal tender up to a total of 20 pence.

Mind you, legal tender is an odder concept than you might think. No one
has to accept pounds unless there is a pre-existing debt (so
restaurants but not ordinary stores) and no one is legally obliged to
give change.

http://www.bankofengland.co.uk/bankn...egaltender.htm

Cotton, William (1786-1866) Title Everybody's Guide to Money Matters:
( http://www.gutenberg.org/etext/1903 )
"No one, however, can be compelled to give change; that is to say, if
you owe a person £4 15s., you are bound in strict law to pay him that
exact sum."


--
Mike D

On Tue, 16 Sep 2008, Tim Roll-Pickering wrote:

Boltar wrote:

If you think I'm being unreasonable then go into a corner shop and see
the reaction you get if you try and buy a mars bar with a 50 quid note.

Isn't there an actual law that allows retailers the ability to refuse
payment if offered in too high a denomination?

I think it's more the case that there's no law that compels anyone to
accept any particular form of payment.

There is the idea of 'legal tender', but i understand that actually only
refers to settling debts in a court - and you don't get any change:

http://www.royalmint.gov.uk/Corporat...uidelines.aspx

tom

--
Any problem in computer science can be solved with another layer of
indirection. -- David Wheeler

In message , at 12:50:18 on Tue, 16
Sep 2008, Tim Roll-Pickering remarked:
If you think
I'm being unreasonable then go into a corner shop and see the reaction
you get if you try and buy a mars bar with a 50 quid note.

Isn't there an actual law that allows retailers the ability to refuse
payment if offered in too high a denomination?

They don't have to give change, and most of the time can refuse to do
the transaction if sensible payment isn't offered. It gets a bit blurred
in the public imagination when the retailer is a "public service" (sic).
--
Roland Perry

On Tue, 16 Sep 2008 12:50:18 +0100, "Tim Roll-Pickering"
wrote:

Isn't there an actual law that allows retailers the ability to refuse
payment if offered in too high a denomination?

A retailer can refuse to accept any form of payment, as a debt doesn't
normally exist to pay off. As can a bus driver. The difference is
that the former are in my experience a lot more reasonable over
changing notes than the latter.

Neil

--
Neil Williams
Put my first name before the at to reply.