Decision made in the "three-ton coin" case between two companies
The judge also decided that the defendant company should pay the court costs
A US company's request to pay its $23,500 debt to another company with three tons of coins was rejected by the court.The company named JMF Enterprises wanted to pay its debt to Fired Up Fabrication LLC with coins weighing approximately 3 tons.In the case heard in the Larimer court in the state of Colorado, Judge Joseph Findley detected bad faith in the request to pay the debt in coins.The decision stated that although coins are legal tender, this large amount cannot be accepted.The justification given was that the expense and time spent counting coins would reduce the value of money.On the other hand, the plaintiff company demanded compensation of 8 thousand dollars for the time they spent solving the problems arising from the delivery of the coins.The court examined the application.READ MORE
Debt fight between two companies: Three tons of coins left behind
Debt fight between two companies: Three tons of coins left behind
What happened?JMF had hired Fired Up as a subcontractor to work on a construction project. However, the company was allegedly not paid after the work was completed.In mediation talks last July, JMF agreed to pay $23,500 to the subcontractor, but did not say anything clearly about how it would pay.Following the agreement, thousands of coins were delivered to the office of the company's lawyer, Danielle Beem, in a pickup truck about 7 weeks ago.The boxes sent by the defendant consisted of quarters, dimes, nickels and pennies.Stating that there were no special conditions regarding the payment method in the mediator agreement, JMF's legal team claimed that they had no intention of harassing the plaintiff, wasting time and preventing the agreement.
The judge also decided that the defendant company should pay the court costs
A US company's request to pay its $23,500 debt to another company with three tons of coins was rejected by the court.The company named JMF Enterprises wanted to pay its debt to Fired Up Fabrication LLC with coins weighing approximately 3 tons.In the case heard in the Larimer court in the state of Colorado, Judge Joseph Findley detected bad faith in the request to pay the debt in coins.The decision stated that although coins are legal tender, this large amount cannot be accepted.The justification given was that the expense and time spent counting coins would reduce the value of money.On the other hand, the plaintiff company demanded compensation of 8 thousand dollars for the time they spent solving the problems arising from the delivery of the coins.The court examined the application.READ MORE
Debt fight between two companies: Three tons of coins left behind
Debt fight between two companies: Three tons of coins left behind
What happened?JMF had hired Fired Up as a subcontractor to work on a construction project. However, the company was allegedly not paid after the work was completed.In mediation talks last July, JMF agreed to pay $23,500 to the subcontractor, but did not say anything clearly about how it would pay.Following the agreement, thousands of coins were delivered to the office of the company's lawyer, Danielle Beem, in a pickup truck about 7 weeks ago.The boxes sent by the defendant consisted of quarters, dimes, nickels and pennies.Stating that there were no special conditions regarding the payment method in the mediator agreement, JMF's legal team claimed that they had no intention of harassing the plaintiff, wasting time and preventing the agreement.
