(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.
Effective Date: 07-20-1994
Section: Previous 2337.01 2337.02 2337.03 2337.04 2337.05 2337.06 2337.07 2337.08 2337.09 2337.10 2337.11 2337.12 2337.13 2337.14 2337.15 NextLast modified: October 10, 2016