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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