Ohio Revised Code (Last Updated: January 27, 2016) |
Title 23. XXIII COURTS - COMMON PLEAS |
Chapter 2337. UNIFORM FOREIGN-MONEY CLAIMS ACT |
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