New Jersey Statutes
§ 2A:49A-5 — Proper money
New Jersey·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
5. 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. L.1993,c.317,s.5.
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Nearby Sections
15
§ 2A:49A-1
Short title§ 2A:49A-10
Pre-judgment, pre-award interest payable§ 2A:49A-11
Entering, enforcing foreign judgment§ 2A:49A-13
Substitution of new foreign money§ 2A:49A-15
Uniform construction of act§ 2A:49A-16.1
Short title.§ 2A:49A-16.10
Application, construction.§ 2A:49A-16.11
Recognition of judgment outside of scope of act.§ 2A:49A-16.3
Applicability.§ 2A:49A-16.4
Recognition by courts; exceptions.§ 2A:49A-16.5
Conditions for non-refusal of recognition.§ 2A:49A-16.6
Recognition as original matter, pending matter.