In Hong Kong, while bank notes and coins are designated as legal tender, businesses are generally not compelled to accept cash payments. This is due to the principle of freedom of contract, which allows merchants to set their own terms for payment methods, including opting for electronic payments or cards exclusively. This commercial decision is not overridden by the Legal Tender Notes Issue Ordinance or the Coinage Ordinance, nor by the Basic Law. AI
RANK_REASON Article discusses legal and commercial principles regarding payment methods, not a specific event.
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