Not sure if this is real but it was on the interweb so it has to be
en.paperblog.com/samsung-pays-apple-1-billion-sending-30-trucks-full-of-5-cents-coins-294795/
There is a law that states the minimum denomination of currency for payment of an amount.
For example a store does not have to except 20 cent coins for something worth $500.
I have always understood it is called legal tender. A term often mis-used.
Legal Tender being what can be tendered for payment of debt and cannot be used as grounds of refusal.
So, if somebody offered 5c coins for $1 billion payment of debt, it could be refused as being unreasonable, and the debt remains unpaid. Same as if you offered a gold plated squirrel that had been valued at $ 1 billion. You don't have to accept it.
I think the $ 1 dollar coin is the lowest, or smallest, item of legal tender. It may actually be the only item ??
Hence if you offered to pay somebody $1 billion in $1 coins and they refused to take them, then legally your debt is repaid.
I always understood that legal tender is legal for payment of any debt.
If a shop has a policy of not accepting legal tender- no matter how small the coin or note- it is only thier policy and not law.
You could insist they accept, and if they refuse- they could be charged under some obscure law that is rarely (or probably never) used.
In reality, the general population are too good at blindly doing what they are told and being good consumers- buying on plastic cards thesedays instead of cash- letting the banks and big business control thier money for them.
Samsung is Apple's largest supplier... contract renegotiations will be interesting.
You don't have to count the coins, just take them to the bank and the tellers weigh them.
PS - the worst phone I ever owned was a Samsung. I will NEVER go back!
It was around the time of the first Apple Phone... Even though my Samsung was technically a slight improvement from my MotorRola Razar (4?), and slightly better than the previous Nokia... It was still a really crap phone!
At that point in time, phones were improving so quickly, that the Samsung was left for dead.
The touch screen was as sensitive as a mother-in-law's kiss, the battery life was as short as my wife's shaved pubes, and the predictive text was rubbish. Nokia's predictive text from 8 years prior was FAR superior. Plus you couldn't scum a charge-up from anyone, because Samsung were stuffing around with their charge plugs at the time, and nobody seemed to have the correct butt plug attachment thing! Worst phone ever!!
Back in the day, everyone had a Nokia, and everyone had a charger! Same with Apple at the moment.
I knew someone who worked in a government office once and his job was sometimes to deal with the public and accept payment for infringement notices.
One day some cranky young tart came in to pay a fine which she didn't think she should have to, so in an effort to inflict the most discomfort on the receiving authority, she bought the entire fine in as a big bag of small change.
Bob, (not his real name) said the procedure with cash payments demanded that she had to wait there and watch while he counted it out to ensure it was done correctly.
He then methodically separated it out into same denominations, 1 cent, two cents, 5 cents, 10 cents,... etc and then slowly and carefully counted it all out in front of her.
Finally,... at the end of a very long and careful count, he said,.. "sorry, you're 5 cents short!. Do you have another 5 cents?". She didn't.
Apparently she did a very loud and public dummy spit as she stormed out the door because she was told she would have to take it all away and come back with the correct amount. Apparently the office didn't offer the facility to pay fines by instalments.
whether it happened or not.
(Apple story) Some people will believe anything... Curiosity finds Mars face is a giant humanoid tomb.
I made a script to pay SDRO $0.50 412 times using my credit card... I promise it's true, I really did.
I didn't do the crime, but I paid the fine... not sure they got anything out of it.
Their stupid page validation had a minimum $20, but it was clientside validation... n00bs.
I was doing posts directly to their payment gateway, I reckon it even cost them.
