Pennies, nickels, dimes and quarters might be legal tender but more than 6,500 pounds of loose change is not a proper form of payment, a Colorado judge ruled last week after a defendant attempted to deliver $23,500 in coins to settle a legal dispute.
The judge, Joseph Findley, of Larimer County, said that the delivery of more than three tons was done “maliciously and in bad faith,” and that the defendant, a welding company, must now pay more for its act.
The welding company, JMF Enterprises LLC, and its owner John Frank, were sued by a custom fabrication company, Fired Up Fabrication LLC, which said it worked as a subcontractor for JMF Enterprises but did not get paid in full.
The companies agreed in mediation to the settlement but the agreement did not specify the form of payment, according to Judge Findley’s order.
Persons:
Joseph Findley, “, John Frank, Findley’s
Organizations:
JMF Enterprises
Locations:
Colorado, Larimer County