Determining money of the claim

1. Law
2. District of Columbia Code
3. Judgments and Executions; Fees and Costs. [Enacted title]
4. Uniform Foreign-Money Claims
5. Determining money of the claim

(a) The money in which the parties to a transaction have agreed that payment is to be made, is the proper money of the claim for payment.

(b) If the parties to a transaction have not otherwise agreed, the proper money of the claim, as in each case may be appropriate, is the money:

(1) Regularly used between the parties as a matter of usage or 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 the particular commodity or service involved; or

(3) In which the loss was ultimately felt or will be incurred by the party claimant.

(Feb. 10, 1996, D.C. Law 11-85, § 2, 42 DCR 6791.)

Prior Codifications

1981 Ed., § 15-903.

Editor's Notes

Uniform Law: This section is based upon § 4 of the Uniform Foreign-Money Claims Act.

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