Author Topic: Client paid with Scottish notes (Read 1857 times)

peaches_xx · « **Reply #15 on:** 06 August 2020, 08:51:32 pm »

Quote from: amy on 31 July 2020, 10:16:59 am

Actually Scottish banknotes aren't legal tender anywhere, including in Scotland. Debit cards, cheques and contactless aren’t legal tender either - it's an archaic term which refers to a very specific situation and doesn't really apply here.

Scottish notes are UK sterling issued by Scottish banks and I've never had them turned away anywhere. I tend to just bank them along with everything else, though .

This is splitting hairs. yes there is no legal requirement to accept payment of a debt with them but "legal tender" is widely taken to mean "money accepted in shops"

peaches_xx · « **Reply #16 on:** 06 August 2020, 08:53:22 pm »

Someone paid me with Irish notes once. I hesitated before accepting them. I mainly took it because it was extra money he was offering for me to hang around while he was passed out drunk so it was no big loss if it wasn't legit. Turns out it was but there was a 5% commission to exchange them at the bureau de change.

roseanna · « **Reply #17 on:** 07 August 2020, 12:32:06 pm »

Quote from: peaches_xx on 06 August 2020, 08:51:32 pm

This is splitting hairs. yes there is no legal requirement to accept payment of a debt with them but "legal tender" is widely taken to mean "money accepted in shops"

It's not splitting hairs at all. It's the definition, and it's to do with whether you are entitled to settle a debt with particular currency. If you offer money in the form of legal tender the receiver is not entitled to refuse it. Leaving aside whether it is suspected not genuine, technically if you offer a shopkeeper a Bank of England 50 pound note and they refuse it you can consider the debt settled and you are not obliged to offer anything else.

Scottish banknotes are not legal tender, but they are legal currency. No banknotes are legal tender in Scotland. English Banknotes issued by the Bank of England are legal tender in England and Wales but nowhere else. Coins minted by the royal mint are legal tender everywhere in the UK with the complication that 1p & 2p coins are only legal tender up to the value of 20p.

MsRedhead · « **Reply #18 on:** 08 August 2020, 10:12:32 pm »

Quote from: roseanna on 07 August 2020, 12:32:06 pm

It's not splitting hairs at all. It's the definition, and it's to do with whether you are entitled to settle a debt with particular currency. If you offer money in the form of legal tender the receiver is not entitled to refuse it. Leaving aside whether it is suspected not genuine, technically if you offer a shopkeeper a Bank of England 50 pound note and they refuse it you can consider the debt settled and you are not obliged to offer anything else.

Scottish banknotes are not legal tender, but they are legal currency. No banknotes are legal tender in Scotland. English Banknotes issued by the Bank of England are legal tender in England and Wales but nowhere else. Coins minted by the royal mint are legal tender everywhere in the UK with the complication that 1p & 2p coins are only legal tender up to the value of 20p.

and that's not what legal tender is either. From the Bank of England: Legal tender has a narrow technical meaning which has no use in everyday life. It means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay.

fallen angel · « **Reply #19 on:** 08 August 2020, 10:24:22 pm »

Wow this is getting very complicated .... But to answer the op's question, I took American dollars from a client after calculating the exchange rate and came out a little on top.

See also the main SAAFE.info site for more Support And Advice For Escorts

Author Topic: Client paid with Scottish notes (Read 1857 times)

peaches_xx

Re: Client paid with Scottish notes

peaches_xx

Re: Client paid with Scottish notes

roseanna

Re: Client paid with Scottish notes

MsRedhead

Re: Client paid with Scottish notes

fallen angel

Re: Client paid with Scottish notes