Home/DC Code/§ 15-903
§ 15-903Title 15

Determining money of the claim.

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. 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: Regularly used between the parties as a matter of usage or course of dealing; 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 In which the loss was ultimately felt or will be incurred by the party claimant.

Annotations

Feb. 10, 1996, D.C. Law 11-85, § 2, 42 DCR 6791
Uniform Law: This section is based upon § 4 of the Uniform Foreign-Money Claims Act.
1981 Ed., § 15-903.
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Sourced from the DC Council Open Law Library (public domain).

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