New Jersey § 2A:49A-5 Proper money

New Jersey Statutes

§ 2A:49A-5 — Proper money

New Jersey § 2A:49A-5

Title 2AADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

This text of New Jersey § 2A:49A-5 (Proper money) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 2A:49A-5 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.