Section 2337.04 | Determining money of claim.
July 20, 1994
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 [ View July 20, 1994 Version ]