Quote Originally Posted by David Merrill View Post
I presume that your direct my interest to the term negotiable.

Our original non-endorsement demanded payment in non-negotiable Federal Reserve notes. Negotiable instruments must be redeemable in equal or better value. This by deduction leaves US notes the non-negotiable instrument in America. Therefore the suitor would demand US notes in the form of FRNs.

The law above stipulates that the instruments employers use to pay employees be of a set value and that the employee not be required to discount his pay when redeeming the instrument. From the employer's perspective I do not see this having any impact on the employee's demand for lawful money.
I also found this part interesting "pay the instrument in lawful money of the United States." + the demand part. It seems as though the local law spells it out pretty clearly. Thanks!