§ 13-62.1-104. Determining Money of the Claim

1. 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.
2. 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.

Source: L. 90: Entire article added, p. 878, § 1, effective January 1, 1991.