Rhode Island § 9-32.1-5 § 9-32.1-5. Determining money of the claim.

Rhode Island Statutes

§ 9-32.1-5 — § 9-32.1-5. Determining money of the claim.

Rhode Island·Title 9 COURTS and CIVIL PROCEDURE–PROCEDURE GENERALLY·Ch. 9-32.1 Uniform Foreign Money Claims Act

§ 9-32.1-5. Determining money of the claim.
(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

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§ 9-32.1-5. Determining money of the claim.

(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.

Rhode Island § 9-32.1-5 (§ 9-32.1-5. Determining money of the claim.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.