Section 10-1505 – DETERMINING AMOUNT OF THE MONEY OF CERTAIN CONTRACT CLAIMS.
10-1505. DETERMINING AMOUNT OF THE MONEY OF 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 […]
Section 10-1506 – ASSERTING AND DEFENDING FOREIGN-MONEY CLAIM.
10-1506. 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 money […]
Section 10-1507 – JUDGMENTS AND AWARDS ON FOREIGN-MONEY CLAIMS — TIMES OF MONEY CONVERSION — FORM OF JUDGMENT
10-1507. 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. (b) A judgment or award on a foreign-money […]
Section 10-1508 – CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.
10-1508. 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 and […]
Section 10-1509 – PREJUDGMENT AND JUDGMENT INTEREST.
10-1509. PREJUDGMENT AND JUDGMENT INTEREST. (a) With respect to a foreign-money claim, recovery of prejudgment or preaward 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 conflict-of-laws […]
Section 10-1510 – ENFORCEMENT OF FOREIGN JUDGMENTS.
10-1510. 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 section 10-1507, Idaho Code, whether or not the foreign judgment confers an option […]
Section 10-1511 – DETERMINING UNITED STATES DOLLAR VALUE OF FOREIGN-MONEY CLAIMS FOR LIMITED PURPOSES.
10-1511. 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 the […]
Section 10-1512 – EFFECT OF CURRENT REVALORIZATION.
10-1512. EFFECT OF CURRENT 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 the […]
Section 10-1513 – SUPPLEMENTARY GENERAL PRINCIPLES OF LAW.
10-1513. 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. History: [10-1513, added 2001, […]
Section 10-1514 – UNIFORMITY OF APPLICATION AND CONSTRUCTION.
10-1514. 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. History: [10-1514, added 2001, ch. 329, sec. 1, p. 1160.]