A company named JMF Enterprises wanted to pay its debt to Fired Up Fabrication LLC with approximately 3 tons of coins.
In the case heard at the Larimer County Court in Colorado, Judge Joseph Findley determined that there was bad faith in the request to pay the debt with coins.
The ruling stated that although coins are legal tender, an amount of this magnitude could not be accepted.
The reasoning provided was that the cost and time required to count the coins would diminish the value of the money.
Meanwhile, the plaintiff company has requested 8,000 dollars in compensation for the time spent resolving issues arising from the delivery of the coins.
The court has taken the application under review.
WHAT HAD HAPPENED?
JMF had hired Fired Up as a subcontractor to work on a construction project. However, it is alleged that the company was not paid after the work was completed.
During mediation talks last July, JMF agreed to pay the subcontractor 23,500 dollars but did not specify how it would be paid.
Following the agreement, thousands of coins were delivered to the office of the company's lawyer, Danielle Beem, about 7 weeks ago by pickup truck.
The boxes sent by the defendant consisted of quarters, dimes, nickels, and pennies.
Stating that no specific condition regarding the payment method was stipulated in the mediation agreement, JMF's legal team had argued that they had no intention of harassing the plaintiff, wasting time, or obstructing the agreement.
News Source: AA
