Section 2337.04 | Determining money of claim.

• Effective: July 20, 1994
• Latest Legislation: House Bill 292 - 120th General Assembly

(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.

Available Versions of this Section

• July 20, 1994 – House Bill 292 - 120th General Assembly