Idaho § 10-1504 DETERMINING MONEY OF THE CLAIM

Idaho Statutes

§ 10-1504 — DETERMINING MONEY OF THE CLAIM

Idaho·Title 10 ISSUES, TRIAL AND JUDGMENT IN CIVIL ACTIONS·Ch. 15 UNIFORM FOREIGN-MONEY CLAIMS ACT

(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.

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(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.

Idaho § 10-1504 (DETERMINING MONEY OF THE CLAIM) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.