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For some reason sovcit can't find the legislation for this fanciful idea. (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] Justas 25 points 9 months ago* (last edited 9 months ago) (1 children)

Local proof of this:

Paying a fine in cents

A local artist received a 15000 LTL (now unused currency, now 4350 EUR) fine for calling in a fake bomb threat at his friend's wedding. He proceeded to pay it in cent coins, which weighed 700 kilos.

Regarding promissory notes, they are definitely a thing, also known as a note payable, two people agree that x will pay y with a certain amount and interest and it is as good as money, but you can't just randomly write one up.

Wikipedia link

[–] [email protected] 16 points 9 months ago (2 children)

But is his promise note actually a promissory note? Or is it some sovcit bullshit to avoid banks?

[–] [email protected] 16 points 9 months ago

It's only a promissory note if the bank agrees and signs it too.

[–] Justas 4 points 9 months ago

I suppose he will try to make a fake promissory note and try to give it to the bank.