Post subject: Re: SHEFFIELD EAGLES SUPPORTERS CLUB
Posted: Tue Jun 01, 2010 11:57 am
griff1998
Player Coach
Joined: May 17 2009 Posts: 5159
And here's the Bank of England's advice on Scottish and Norn Irish notes.
Are Scottish & Northern Irish notes legal tender? In short ‘No’ these notes are not legal tender; only Bank of England notes are legal tender but only in England and Wales. The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt. In ordinary everyday transactions, the term ‘legal tender’ has very little practical application.
The last sentence is the most telling.
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