Question 442. - Is a private individual forced to receive payment of a debt in bank notes, or may he demand legal tenders to any amount?

Answer. - No person can be forced to accept bank notes in payment of a debt. He is entitled to be paid in gold coin or Dominion notes which, as their common name implies, are a "legal tender." The option of paying in gold or legal tender notes rests with the debtor. The creditor is bound to accept American gold ($5 pieces and upwards) at its face value, or British gold at $4.86 2-3 to the sovereign, (in both cases good tenderable coin being understood) or legal tender notes.

(See note to question 441).