North Carolina General Statutes § 1C-1823 Determining proper money of the claim

(a)        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.

(b)        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. (1995, c. 213, s. 1.)

Sections:  Previous  1C-1705  1C-1706  1C-1707  1C-1708  1C-1820  1C-1821  1C-1822  1C-1823  1C-1824  1C-1825  1C-1826  1C-1827  1C-1828  1C-1829  1C-1830  Next

Last modified: March 23, 2014