New Jersey Statutes
§ 12A:3-107 — Instrument payable in foreign money
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid. L.1995,c.28,s.1.
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Nearby Sections
15
§ 12A:3-101
Short title§ 12A:3-102
Subject matter§ 12A:3-103
Definitions§ 12A:3-104
Negotiable instrument§ 12A:3-105
Issue of instrument§ 12A:3-106
Unconditional promise or order§ 12A:3-107
Instrument payable in foreign money§ 12A:3-108
Payable on demand or at definite time§ 12A:3-109
Payable to bearer or to order§ 12A:3-111
Place of payment.§ 12A:3-113
Date of instrument§ 12A:3-114
Contradictory terms of instrument§ 12A:3-115
Incomplete instrument§ 12A:3-116
Joint and several liability; contribution