North Carolina § 1C-1823 Determining proper money of the claim

North Carolina Statutes

§ 1C-1823 — Determining proper money of the claim

North Carolina § 1C-1823

Ch. 1CEnforcement of Judgments

Art. 19The North Carolina Foreign-Money Claims Act

This text of North Carolina § 1C-1823 (Determining proper money of the claim) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 1C-1823 (2026).

Text

(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. (1995, c. 213, s. 1.)

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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. (1995, c. 213, s. 1.)