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

North Carolina Statutes

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

North Carolina·Ch. 1C Enforcement of Judgments·Art. 19 The North Carolina 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. (1995, c. 213, s. 1.)

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

North Carolina § 1C-1823 (Determining proper money of the claim) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.