Utah § 78B-5-405 Determining the money of the claim.

Utah Statutes

§ 78B-5-405 — Determining the money of the claim.

Utah § 78B-5-405

Title 78BJudicial Code

Ch. 78B-5Trial, Judgment, and Appeal

Part 78B-5-4Uniform Foreign-Money Claims Act

This text of Utah § 78B-5-405 (Determining the money of the claim.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 78B-5-405 (2026).

Text

(1)Except as provided by Subsection (2), the proper money of the claim is, as in each case may be appropriate, the money:

(1)(a) regularly used between the parties as a matter of usage or course of dealing;

(1)(b) 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

(1)(c) in which the loss was ultimately felt or will be incurred by a party.

(2)The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

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(1) Except as provided by Subsection (2), the proper money of the claim is, as in each case may be appropriate, the money:

(1)(a) regularly used between the parties as a matter of usage or course of dealing;
(1)(b) 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
(1)(c) in which the loss was ultimately felt or will be incurred by a party.
(2) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.