§ 5205. Determining amount contracted for in certain contract claims.
§ 5205. Determining amount contracted for in certain contract claims. (a) If an amount contracted to be paid in a foreign money is measured by a specified amount of a different money, the amount to be paid is determined on the conversion date. (b) If an amount contracted to be paid in a foreign money […]
§ 5206. Asserting and defending foreign-money claim.
§ 5206. Asserting and defending foreign-money claim. (a) A person may assert a claim in a specified foreign money. If a foreign-money claim is not asserted, the claimant makes the claim in United States dollars. (b) An opposing party may allege and prove that a claim, in whole or in part, is in a different […]
§ 5207. Judgments and awards on foreign-money claims; times of money conversion; form of judgment.
§ 5207. Judgments and awards on foreign-money claims; times of money conversion; form of judgment. (a) Except as provided in subsection (c) of this section, a judgment or award on a foreign-money claim must be stated in an amount of the money of the claim. Such a judgment or award on a foreign-money claim shall […]
§ 5208. Conversions of foreign money in distribution proceeding.
§ 5208. Conversions of foreign money in distribution proceeding. The rate of exchange prevailing at or near the close of business on the day the distribution proceeding is initiated governs all exchanges of foreign money in a distribution proceeding. A foreign-money claimant in a distribution proceeding shall assert its claim in the named foreign money […]
§ 5209. Pre-judgment and judgment interest.
§ 5209. Pre-judgment and judgment interest. (a) With respect to a foreign-money claim, recovery of pre-judgment or pre-award interest and the rate of interest to be applied in the action or distribution proceeding, except as provided in subsection (b) of this section, are matters of the substantive law governing the right to recovery under the […]
§ 5210. Enforcement of foreign judgments.
§ 5210. Enforcement of foreign judgments. (a) If an action is brought to enforce a judgment of another jurisdiction expressed in a foreign money and the judgment is recognized in this State as enforceable, the enforcing judgment must be entered as provided in § 5207 of this title, whether or not the foreign judgment confers […]
§ 5211. Determining United States dollar value of foreign-money claims for limited purposes.
§ 5211. Determining United States dollar value of foreign-money claims for limited purposes. (a) Computations under this section are for the limited purposes of the section and do not affect computation of the United States dollar equivalent of the money of the judgment for the purpose of payment. (b) For the limited purpose of facilitating […]
§ 5212. Effect of currency revalorization.
§ 5212. Effect of currency revalorization. (a) If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at […]
§ 5213. Supplementary general principles of law.
§ 5213. Supplementary general principles of law. Unless displaced by particular provisions of this chapter, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy or other validating or invalidating causes supplement its provisions. 71 Del. Laws, […]
§ 5214. Uniformity of application and construction.
§ 5214. Uniformity of application and construction. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it. 71 Del. Laws, c. 148, § 1;