Section 2337.04. Determining money of claim  


Latest version.
  • (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.

Effective Date: 07-20-1994