Connecticut § 50a-54 Determination of proper money of claim.

Connecticut Statutes

§ 50a-54 — Determination of proper money of claim.

Connecticut·Title 50a International Law·Ch. 861a Uniform Foreign-Money Claims Act

(a)Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, 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 a party.

(b)The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

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(a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, 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 a party. (b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

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