[§658B-4] Determining the money of the claim.
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/hi/658b-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§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]