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List Of Common Misconceptions About Arts And Culture
Each entry on this list of common misconceptions is worded as a correction; the misconceptions themselves are implied rather than stated. These entries are concise summaries; the main subject articles can be consulted for more detail. Common misconceptions about art and culture Business * Federal Legal Tender Act, legal tender laws in the United States do not require that private businesses, persons, or organizations accept cash for payment, though it must be treated as valid payment for debts when tendered to a creditor.a. b. c. * Adidas is not an acronym for "All day I dream about sports", "All day I dream about soccer", or "A.D.I.D.A.S. (Korn song), All day I dream about sex". The company was named after its founder Adolf Dassler, Adolf "Adi" Dassler in 1949. The earliest publication found of the latter backronym was in 1978, as a joke. * The letters "AR" in AR-15–style rifle, AR-15 stand for "ArmaLite Rifle", reflecting the company ArmaLite that originally manufactured ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender Act
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal checks, credit cards, and similar non-cash methods o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
