Determining the money of the claim

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  • (a) Except as provided in subsection (b) hereof, 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.


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