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Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. [1] Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the ...
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party ...
Currency Transaction Report, March 2011 revision. A currency transaction report (CTR) is a report that U.S. financial institutions are required to file with FinCEN for each deposit, withdrawal, exchange of currency, or other payment or transfer, by, through, or to the financial institution which involves a transaction in currency (e.g. bank notes or coins) valued at more than $10,000.
notice or as soon thereafter as counsel may file the necessary documents. CCC is a national grassroots organization of groups and individuals, headquartered in Washington, Pennsylvania. Founded in 1989 and incorporated in Pennsylvania as a non-profit charitable organization, CCC works for social and environmental justice. CCC's member groups
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The Utah Legal Tender Act, passed March 10, 2011, recognizes gold and silver coins issued by the United States [1] as legal tender in the state of Utah. [2] This includes allowing the state of Utah to pay off debts in gold and silver and allowing individuals to transact in gold and silver coins without paying state capital gains tax, [3] among other provisions. [4]
Contracts are widely used in commercial law, and for the most part form the legal foundation for transactions across the world. Common examples include contracts for the sale of services and goods, construction contracts , contracts of carriage , software licenses , employment contracts , insurance policies , sales or leases of land, among others.
Legal Tender, [48] a 1996 telerobotic art installment by Ken Goldberg, Eric Paulos, Judith Donath, and Mark Pauline, was an experiment to see if the law could instill a sense of physical risk in online interactions. After participants were advised that 18 U.S.C. § 333 threatened them with up to six months in jail, they were given the option of ...