Can gold/silver bullion be used to buy/sell market goods? U.S. here, specifically NY state. Suppose I have an authentic gold coin (&quot;bullion&quot;). Vendor X is selling a product that she is willing to sell me for the general value (I say general here because the value of the coin is constantly fluctuating) of the coin, and thus I want to use my gold coin to purchase this product from her. Is this legal to do? Do I have to first register my coin somewhere, or provide some kind of certificate of authenticity? Or is gold/silver bullion simply not allowed to be used as tender for common things?
It is currently legal to barter goods or services in exchange for gold or silver bullion in the United States. Gold and silver do not have to be registered or certificated, although a prudent person would usually seek evidence confirming their authenticity and it would be common practice to keep gold and silver in a repository such as a bank or Fort Knox, and to conduct the transaction via negotiable certificates evidencing ownership of the gold or silver (basically warehouse receipts whose transfer is governed by the Uniform Commercial Code) rather than to physically transfer the gold or silver, in a large dollar value transaction. There are been periods of time in the United States where this was not allowed, unless done by a state government (which has a constitutional right to do so), or by a local government authorized by a state government to do so. But those laws are not currently in force and haven't been for a long time. Transfers conducted with gold or silver bullion in excess of $10,000 per transferee per year, probably have to be reported to the same officials to whom a cash transaction in that amount is reportable on IRS Form 8300, because it is considered a collectible cash substitute, even though it is legal to do so and no tax is specific to barter transactions in gold or silver. IRS Publication 1544 explains the rule.
In most US states, anyone can buy such lists, covering either the whole state or a specific municipality or election district. Political campaigns routinely buy such lists and use them to organize door-to-door campaigning, as well as postal appeals. Some years ago I was a (losing) candidate for local office in NJ. I bought such a list covering the township I was running in. It showed each voter's name, address, age, party of registration, if any, and which of the last several elections the person had voted in. I think the lists were available from the board of elections, and local lists from municipal clerks. Exact procedures no doubt differ from state to state, as will costs. At that time lists were available in electronic and paper formats. Purchasers had to sign an agreement not to use the information for commercial marketing, as I recall. Updated lists including data from the latest election are not usually available at once, but are available long before the next general election.
If the buyer wanted the watch for purely personal reasons, would they be committing any crime? NO The offences are at s.92 of the Trade Marks Act 1994 and all relate to either selling, or possessing as part of a business, such goods with... a view to gain for himself or another, or with intent to cause loss to another, and without the consent of the proprietor
TLDR: it's illegal to BUY it. It's illegal to USE it. Know your suppliers. That's certainly an interesting question, in light of how the market has changed in recent years, particularly due to Amazon/eBay, but even moreso due to Amazon Fulfillment and competitors. Over on diy.se, this is a constant vexation, because we see people buy crud like this all the time, and they need help installing it. And we find it's illegal to install, not even safe, and needs to be sent back in lieu of listed product. The advanced nations do have a highly effective apparatus for screening and blocking dangerous goods. However, these protections are geared toward bricks-and-mortar retail. Can you count on something bought at Wickes, Redoute or Home Depot? By and large, yes. Is it legal to export it to you? Yes, for all practical purposes. The people selling it are in an unreachable bastion in a foreign country that would not cooperate with their extradition, and would interfere with investigation. The government knows perfectly well that the stuff is complete crud, and doing so aligns with its national policies of raising hard currency and building industrial capacity, while harming the capacity of other nations. Is it legal for the item to be listed on Amazon or eBay? Amazon and eBay say &quot;Yes&quot;. Their position is that they are merely a platform which connects buyers and sellers. They surely have excellent lawyers. Amazon is more like eBay than you might realize. Amazon opened their retail site to third party sellers. Third parties can sign up as additional sellers of a particular SKU, or write their own product listings. Since Amazon's behavior has been unchallenged, the answer seems to be &quot;yes&quot;. Is it legal for Amazon to bring it into their warehousing systems? Amazon also opened their warehousing system to third party use. That can be for companies that don't sell on Amazon... or it can be for companies that do both Amazon and off-Amazon sales; in the latter case you order elsewhere but Amazon fulfills (ships) the item. When a company both sells the item on Amazon and it ships from an Amazon warehouse, it qualifies for &quot;Prime&quot; shipping where Amazon offers that. Amazon also offers &quot;Commingling&quot; for established SKUs. The idea is that if you have widgets in the Madrid warehouse, and I have widgets in a Warsaw warehouse... and a Madrid customer buys mine - why not ship them yours since they are all the same? I get credit for the sale and Amazon &quot;owes you one&quot;. When you get a sale in Madrid, Amazon has one in Barcelona so they ship that one to your customer. Commingling is great, but what happens when I inject a pallet full of those SKUs - and they're counterfeits? Amazon doesn't know the difference, and your Warsaw customer gets my counterfeit. So do Amazon's Berlin and Wroclaw customers. Amazon ships them around the network to balance the warehouses, and now my counterfeit has contaminated the supply. I'm sitting in China. Whatcha gonna do about it? Again, Amazon has top lawyers, who have surely done their diligence. Still, the program is ambitious, and e-commerce giants break the law all the time with their ambitions. In the US, there's the &quot;Express Shipment&quot; rule, which allows small orders ($800 or less) with no duty and an informal entry process. So they ship to Mexican warehouses, and then bring the items over by the truckload. Wait, how can a truckload be less than $800? Because they don't bring it over until there's an end-user customer order, and they argue &quot;these are for individual customers&quot;. This qualifies them to breeze through customs, bypassing the quality and safety controls that prevent Home Depot from doing the exact same thing with a truckload that hasn't found customers yet. Is it legal for you (as the end consumer) to import it? No. The rules for Conformité Européenne are that the importer is responsible. When you as an end customer buy mail-order from China, you are the importer. Under EU law, if you bring a CE-marked item into the EU, you are responsible for meeting the CE design standards, and doing in-house lab testing to affirm the performance of the product. By having the CE mark on the thing you imported, you are attesting to having done that. Further, the various nations may require that a certified independent testing lab verify your testing and claims. This was historically done by national testing labs like BSI, TUV, CSA or UL. However by treaty they are largely cross-recognized: US OSHA keeps a canonical list of &quot;Nationally (by USA) Recognized Testing Labs&quot; (NRTLs) that every other agency and many other countries defer to. Big Clive is probably fine, since Clive's purpose is public ridicule, not usage. Is it legal for you to install it in your house? Oh, heck no. Every nation has rules as to what certifications equipment must meet to legally be installed in a building's electrical system. For instance North America's El NEC, widely adopted or copied, has 110.2: 110.2 Approval. The conductors [wires] and equipment required or permitted by this Code shall be acceptable only if approved. &quot;Approved&quot; means by competent testing labs; i.e. OSHA's list of NRTLs. So no, you can't install non-approved equipment in any jurisdiction with a similar rule (and you pretty much need such a rule for inspections to have any teeth).
The Bank of England actually makes this pretty clear with the following line: Legal tender has a very narrow and technical meaning, which relates to settling debts. It means that if you are in debt to someone then you can’t be sued for non-payment if you offer full payment of your debts in legal tender. Essentially, if you are in debt (frequent examples are a taxi ride or a meal at a sit-down restaurant) then you can use legal tender to pay off that debt. But that doesn't necessarily mean they have to accept it. It only means that they cannot sue you if they do refuse to accept it. But the refusal wouldn't itself alleviate the debt either. They could technically return to you at some point and say "ok, fine, we'll take the cash" and you'd still be obligated to provide it to pay off your debt. It's also worth emphasizing that this only applies to situations where the payment is to alleviate a debt, for services that have already been provided before you are billed. It would not apply while buying groceries at the supermarket. Even restaurants where you pay for your food up-front and then receive it afterwards can refuse cash payment. In those situations the services are prepaid and you are not ever alleviating a debt.
Don't get hung up on unauthorized resale. That only prohibits unauthorized resale. Authorized resale is ok. From http://www.justice.gov/usam/criminal-resource-manual-1854-copyright-infringement-first-sale-doctrine: The first sale doctrine, codified at 17 U.S.C. § 109, provides that an individual who knowingly purchases a copy of a copyrighted work from the copyright holder receives the right to sell, display or otherwise dispose of that particular copy, notwithstanding the interests of the copyright owner. The right to distribute ends, however, once the owner has sold that particular copy. See 17 U.S.C. § 109(a) &amp; (c). Since the first sale doctrine never protects a defendant who makes unauthorized reproductions of a copyrighted work, the first sale doctrine cannot be a successful defense in cases that allege infringing reproduction.
Two people exchanging goods or services on a commercial basis and then pretending it was two gifts is tax evasion. It's not a gift. It's a commercial sale that you lie about by 'putting' a different 'label' on it. Sometimes two people will give mutual gifts, e.g. if you come to my wedding: I give you dinner, you give me some kitchenware. Yet there's nothing commercial about it. So that's not income for either party. However, if you're talking about two businesses making sales to each other, that is very much income, regardless of what you badge it.
It's important to be absolutely clear on what is being sold. Using English translations may affect the outcome. Assuming "SoleTraderCompA" is an Einzelunternehmen, the sale would be an asset sale. The company isn't sold, because the company is legally identical to person A! Instead, person A makes an extensive list of all assets he's selling (goods, real estate, intellectual property, etcetera). "SoleTraderCompA" might be a trade mark, in which case the trade mark can be sold. Person B can also be an Einzelunternehmen, and as part of its business operations buys aforementioned assets from person A. But in general, any legal entity can buy the assets of person A, including a GmbH or AG.