District of Columbia § 15-903 Determining money of the claim.

District of Columbia Statutes

§ 15-903 — Determining money of the claim.

District of Columbia·Title 15 Judgments and Executions; Fees and Costs. [Enacted title]·Ch. 9 Uniform Foreign-Money Claims.

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

District of Columbia § 15-903 (Determining money of the claim.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.