Oregon Statutes - Chapter 24 - Enforcement and Recognition of Foreign Judgments; Foreign-Money Claims - Section 24.275 - Determining proper 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 money of the claim, as in each case may be appropriate, is the money:

(a) Regularly used between the parties as a matter of usage or course of dealing;

(b) 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

(c) In which the loss was ultimately felt or will be incurred by the party claimant. [1991 c.202 §5]

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Last modified: August 7, 2008