Samsungs payback to Apple

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> 10 years ago

Shooting the breeze.

Torch

521 posts

Torch

WA, 521 posts

29 Aug 2012 1:42pm

Not sure if this is real but it was on the interweb so it has to be

en.paperblog.com/samsung-pays-apple-1-billion-sending-30-trucks-full-of-5-cents-coins-294795/

stamp

QLD

2798 posts

stamp

QLD, 2798 posts

29 Aug 2012 4:41pm

memeburn.com/2012/08/hoax-samsung-paid-apple-its-1bn-damages-in-nickels/

DunkO

NSW

1150 posts

DunkO

NSW, 1150 posts

29 Aug 2012 5:42pm

There is a law that states the minimum denomination of currency for payment of an amount.

For example a store does not have to except 20 cent coins for something worth $500.

Pitbull

1267 posts

Pitbull

WA, 1267 posts

29 Aug 2012 5:30pm

DunkO said...

There is a law that states the minimum denomination of currency for payment of an amount.

For example a store does not have to except 20 cent coins for something worth $500.

Gee! You learn something new everyday.
If someone owed me money, I wouldn't care how it was paid just so long as it was.

Carantoc

7285 posts

Carantoc

WA, 7285 posts

29 Aug 2012 5:50pm

I have always understood it is called legal tender. A term often mis-used.

Legal Tender being what can be tendered for payment of debt and cannot be used as grounds of refusal.

So, if somebody offered 5c coins for $1 billion payment of debt, it could be refused as being unreasonable, and the debt remains unpaid. Same as if you offered a gold plated squirrel that had been valued at $ 1 billion. You don't have to accept it.

I think the $ 1 dollar coin is the lowest, or smallest, item of legal tender. It may actually be the only item ??

Hence if you offered to pay somebody $1 billion in $1 coins and they refused to take them, then legally your debt is repaid.

sn

2775 posts

WA, 2775 posts

29 Aug 2012 5:58pm

I always understood that legal tender is legal for payment of any debt.
If a shop has a policy of not accepting legal tender- no matter how small the coin or note- it is only thier policy and not law.
You could insist they accept, and if they refuse- they could be charged under some obscure law that is rarely (or probably never) used.

In reality, the general population are too good at blindly doing what they are told and being good consumers- buying on plastic cards thesedays instead of cash- letting the banks and big business control thier money for them.

GalahOnTheBay

NSW

4188 posts

GalahOnTheBay

NSW, 4188 posts

29 Aug 2012 8:28pm

sn said...

I always understood that legal tender is legal for payment of any debt.

Note quite, apparently:

www8.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca1965120/s16.html said...

CURRENCY ACT 1965 - SECT 16
Legal tender

(1) A tender of payment of money is a legal tender if it is made in coins that are made and issued under this Act and are of current weight:

(a) in the case of coins of the denomination of Five cents, Ten cents, Twenty cents or Fifty cents or coins of 2 or more of those denominations--for payment of an amount not exceeding $5 but for no greater amount;

(b) in the case of coins of the denomination of One cent or Two cents or coins of both of those denominations--for payment of an amount not exceeding 20 cents but for no greater amount;

(c) in the case of coins of a denomination greater than Fifty cents but less than Ten dollars--for payment of an amount not exceeding 10 times the face value of a coin of the denomination concerned but for no greater amount;

(d) in the case of coins of the denomination of Ten dollars--for payment of an amount not exceeding $100 but for no greater amount; and

(e) in the case of coins of another denomination--for payment of any amount.

(2) For the purposes of subsection (1), a coin shall be deemed to be not of current weight if it has become diminished in weight by wear or otherwise so as to be of less weight than the weight prescribed as the least current weight of that coin.

...but anyone who can understand that quote is way ahead of me!

FlySurfer

NSW

4460 posts

FlySurfer

NSW, 4460 posts

29 Aug 2012 9:35pm

Samsung is Apple's largest supplier... contract renegotiations will be interesting.

GRunner

QLD

238 posts

GRunner

QLD, 238 posts

29 Aug 2012 9:41pm

You don't have to count the coins, just take them to the bank and the tellers weigh them.

Simondo

VIC

8025 posts

Simondo

VIC, 8025 posts

29 Aug 2012 10:06pm

GRunner said...

You don't have to count the coins, just take them to the bank and the tellers weigh them.

Even the banks don't like it. I was in there the other day... Armaguard dudes rock up, drop off some bundles of notes. They ask, "anything to pick-up", the chick teller says, "yes some coins (sigh)". Guard says something like, "I was hoping you weren't going to say that!".

The Teller walks off to retrieve, and it turns out the Teller was about 4 months pregnant, and the other Tellers told her not to do the lifting, but she insisted. Was probably only roughly 4kg bundles...

Guard dude signals to his buddy to get the trolley. He walks away, comes back with trolley. Guard proceeds to slam the plastic sacks of coins into the trolley quite firmly in annoyance...

Turned into a mini saga! Nobody wanted the damned coins!

I can only assume that the guard dudes (or someone) have to then count / double count the coins they have been entrusted with...

For the record, I hate coins too!

We should have a smart card system for coins... small payments.

Simondo

VIC

8025 posts

Simondo

VIC, 8025 posts

29 Aug 2012 10:18pm

PS - the worst phone I ever owned was a Samsung. I will NEVER go back!

It was around the time of the first Apple Phone... Even though my Samsung was technically a slight improvement from my MotorRola Razar (4?), and slightly better than the previous Nokia... It was still a really crap phone!

At that point in time, phones were improving so quickly, that the Samsung was left for dead.

The touch screen was as sensitive as a mother-in-law's kiss, the battery life was as short as my wife's shaved pubes, and the predictive text was rubbish. Nokia's predictive text from 8 years prior was FAR superior. Plus you couldn't scum a charge-up from anyone, because Samsung were stuffing around with their charge plugs at the time, and nobody seemed to have the correct butt plug attachment thing!

Worst phone ever!!

Back in the day, everyone had a Nokia, and everyone had a charger! Same with Apple at the moment.

pweedas

4642 posts

pweedas

WA, 4642 posts

29 Aug 2012 10:30pm

I knew someone who worked in a government office once and his job was sometimes to deal with the public and accept payment for infringement notices.
One day some cranky young tart came in to pay a fine which she didn't think she should have to, so in an effort to inflict the most discomfort on the receiving authority, she bought the entire fine in as a big bag of small change.
Bob, (not his real name) said the procedure with cash payments demanded that she had to wait there and watch while he counted it out to ensure it was done correctly.
He then methodically separated it out into same denominations, 1 cent, two cents, 5 cents, 10 cents,... etc and then slowly and carefully counted it all out in front of her.
Finally,... at the end of a very long and careful count, he said,.. "sorry, you're 5 cents short!. Do you have another 5 cents?". She didn't.
Apparently she did a very loud and public dummy spit as she stormed out the door because she was told she would have to take it all away and come back with the correct amount. Apparently the office didn't offer the facility to pay fines by instalments.

Mark _australia

23684 posts

Mark _australia

WA, 23684 posts

29 Aug 2012 10:35pm

DunkO said...

There is a law that states the minimum denomination of currency for payment of an amount.

For example a store does not have to except 20 cent coins for something worth $500.

Yes indeedy - in Australia.

Maybe different over there?

At any rate is it smart-arse sore loser primary school rubbish - but in today's social media driven society, it will be fkn hell kewl lolz roflmao territory and be good advertising for Samsung

whether it happened or not.

EDIT: Simondo - pics or it is untrue. And no, not the phone

FlySurfer

NSW

4460 posts

FlySurfer

NSW, 4460 posts

30 Aug 2012 12:39am

(Apple story) Some people will believe anything... Curiosity finds Mars face is a giant humanoid tomb.

I made a script to pay SDRO $0.50 412 times using my credit card... I promise it's true, I really did.
I didn't do the crime, but I paid the fine... not sure they got anything out of it.
Their stupid page validation had a minimum $20, but it was clientside validation... n00bs.
I was doing posts directly to their payment gateway, I reckon it even cost them.

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