Code of Virginia § 8.01-465.17. Determining money of the claim.
109 words·~1 min read·
/va/title-8-01/chapter-17-3/8-01-465-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. If the parties to a transaction have not otherwise agreed, the proper money of the claim is the money
(i)regularly used between the parties as a matter of usage or course of dealing;
(ii)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
(iii)in which the loss was ultimately felt or will be incurred by the party claimant.
1991, c. 24.