Yuku free message boards
Username or E-mail:
Password:
Forgot
Password?
Sign Up
Grab the Yuku app
Search:
Joanna Sheen's Craft Forum
>
General Discussion
>
A question about Sterling
0 Points
Search this Topic:
Add Reply
New Topic
Forum Jump
Announcements
FAQs
General Discussion
ATC
Other Companies CD Queries
Joanna Sheen CDROM Gallery
Card Swaps
Misc Computer Queries
Joanna Sheen CD Queries
Fat Books
Joanna Sheen Cardmaking Pad Gallery
Joanna Sheen Rubber Stamping Gallery
Printer Queries
Joanna Sheen Decoupage Gallery
Signature Dies Gallery
Craft Dies by Sue Wilson Gallery
Miscellaneous Die Gallery
Card Making Step by Steps
Technical Queries
Joanna Sheen’s Challenge Board
Hints and Tips
Competitions and challenges
Rubber Stamping
Die cutting forum
Websites and Links
Profiles
Cookery & Recipes
Family History
Books, Audio books and E readers
Forum Games
Forum slimming board
ATC, Card and Fat Book Swaps
General thanks
Birthday List
Polls
<< Previous Topic
Next Topic >>
Re: A question about Sterling
Started By
Comment
Sue943
#1
[-]
Posts
: 10142
Aug 6 13 11:05 AM
Reply
Quote
More
My Recent Posts
Legal tender is very complex and this is from the Royal Mint. I must admit that although I knew that certain coins were only legal tender to a certain amount, I didn't realise that no one actually
has
to give change. You learn something new every day.
Legal Tender Guidelines
Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender. It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation. Both parties are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes. In order to comply with the very strict rules governing an actual legal tender it is necessary, for example, actually to offer the exact amount due because no change can be demanded.
The amounts for legal tender are stated below.
Notes:
In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. However, they are not legal tender in Scotland and Northern Ireland.
Coins:
Coins are legal tender throughout the United Kingdom for the following amount:
£5 (Crown) - for any amount
£2 - for any amount
£1 - for any amount
50p - for any amount not exceeding £10
25p (Crown) - for any amount not exceeding £10
20p - for any amount not exceeding £10
10p - for any amount not exceeding £5
5p - for any amount not exceeding £5
2p - for any amount not exceeding 20p
1p - for any amount not exceeding 20p
<< Previous Topic
Next Topic >>
Add Reply
Forum Jump
Announcements
FAQs
General Discussion
ATC
Other Companies CD Queries
Joanna Sheen CDROM Gallery
Card Swaps
Misc Computer Queries
Joanna Sheen CD Queries
Fat Books
Joanna Sheen Cardmaking Pad Gallery
Joanna Sheen Rubber Stamping Gallery
Printer Queries
Joanna Sheen Decoupage Gallery
Signature Dies Gallery
Craft Dies by Sue Wilson Gallery
Miscellaneous Die Gallery
Card Making Step by Steps
Technical Queries
Joanna Sheen’s Challenge Board
Hints and Tips
Competitions and challenges
Rubber Stamping
Die cutting forum
Websites and Links
Profiles
Cookery & Recipes
Family History
Books, Audio books and E readers
Forum Games
Forum slimming board
ATC, Card and Fat Book Swaps
General thanks
Birthday List
Polls
Share This
Email to Friend
del.icio.us
Digg it
Facebook
Blogger
Yahoo MyWeb
Joanna Sheen's Craft Forum
>
General Discussion
>
A question about Sterling
Click to subscribe by RSS
Click to receive E-mail notifications of replies