§ 9-32.1-5 - Determining money of the claim.
SECTION 9-32.1-5
§ 9-32.1-5 Determining money of the claim.– (a) The money in which the parties to a transaction have agreed that payment isto be made is the proper money of the claim for payment.
(b) If the parties to a transaction have not otherwiseagreed, the proper money of the claim, as in each case may be appropriate, isthe money:
(1) Regularly used between the parties as a matter of usageor course of dealing;
(2) Used at the time of a transaction in international trade,by trade usage or common practice, for valuing or settling transactions in theparticular commodity or service involved; or
(3) In which the loss was ultimately felt or will be incurredby the party claimant.