Determining the money of the claim.

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§658B-4 Determining the money of the claim. (a) Except as provided by subsection (b), the proper money of the claim is, as in each case may be appropriate, the money:

(1) Regularly used between the parties as a matter of usage or course of dealing; or

(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 a party.

(b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment. [L 1990, c 50, pt of §1]


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