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

Utah Statutes

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

Utah·Title 78B Judicial Code·Ch. 78B-5 Trial, Judgment, and Appeal·Part 78B-5-4 Uniform Foreign-Money Claims Act

(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.

Utah § 78B-5-405 (Determining the money of the claim.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.