This section is from the book "Banking, Credits And Finance", by Thomas Herbert Russell. Also available from Amazon: Banking, credit and finance (Standard business).
In making money payments it is necessary often, or if the receiver demands it, to make payment in legal tender, that is, in the form of money required by law. For instance you cannot pay an account of $18 in ten-cent prices, if the creditor refuses to accept, for the reason that silver coins of smaller denomination than one dollar are legal tender only in all sums not exceeding $10.
 
Continue to: