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Proves indispensability of uniform governmental money for normal the business
In the strictly legal value "legal tender", or lawful means
Payment means no more, than the money which is let out by the government, from which
The creditor cannot refuse at payment by this money due to it
Press, Legal Tender, Chicago>. Even at such definition it is important to notice that this
The term has no standard interpretation in the English legislation
London, 1971, p. 38>. On the other hand, refusal of English courts (to the recent
Time) to take out decisions on payments in any currency, except pound sterling,
Has made this aspect of the lawful tender especially significant in England. But position
Should, possibly to change after a recent judgement , established that the English court can
To take out decisions on payment in a foreign currency under the monetary claims expressed
In such currency so now in England it is possible to demand, for example, through court
Payments of a share from sales in the Swiss francs
1975, the report is reproduced in: F.A. Hayek, Choise in Currency, Occasional Paper
48, Institute of Economic Affairs, London, 1976, pp. 45 - 46>. In others
Sources it simply means payment means under promissory notes,
Measured according to the contract, in the monetary units which are let out by the government,
And also under other obligations imposed by judgements. As
The government owns monopoly for monetary issue and uses it, that
To impose the unique kind of money, it should, possibly, also to have the power
To order, what subjects the debt measured by it can be paid
Monetary units. But it does not mean that all money should be
"A lawful instrument of payment", even that all subjects, which law
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