American company causes controversy for paying debt to partners with 3 tons of coins

American company uses 3 tons of coins to pay off debt to partner (Photo: CBS News).

CBS News reported that JMF Enterprises, a welding company, attempted to pay its subcontractor, Fired Up Fabrication, a debt of $23,500 with more than 3 tons of coins.

Danielle Beem, the lawyer representing Fired Up Fabrication, criticized the action, arguing that if her client received the money, it would be a waste of time to count it.

According to court records, JMF Enterprises hired Fired Up Fabrication as a subcontractor to perform welding work on an apartment building. Fired Up Fabrication subsequently filed a civil lawsuit against JMF alleging they were not paid in full as per the contract.

In July, the two parties went to court for mediation, and JMF agreed to pay its partner $23,500 to settle the dispute. The mediation agreement did not specify how the money would be paid.

However, six weeks prior, Fired Up Fabrication received a call from a driver who said he was parked near the company office and would be delivering a shipment consisting of a 3-ton container filled with coins. JMF's lawyer told Beem's lawyer that the container held $23,500 and required a forklift to move.

Beem said her client couldn't receive the boxes of coins because the elevator in the company building has a maximum load capacity of 1.3 tons.

In their court defense, JMF's lawyer stated that the settlement agreement did not specify the form of payment and that they had complied with all the terms.

JMF emphasized that they had no intention of harassing, wasting time, or hindering the resolution of the conflict with the plaintiff. JMF requested the judge to order the plaintiff to accept the coins.

Judge Joseph Findley of Larimer County Court subsequently ruled that the coins were legal tender, but the three tons of coins were not an appropriate form of payment.

Mr. Findley argued that JMF's repayment of debt in coins was an act of "maliciousness and lack of goodwill."

Source: https://dantri.com.vn/the-gioi/cong-ty-my-gay-tranh-cai-vi-tra-no-doi-tac-bang-3-tan-tien-xu-20231031142049251.htm