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Judicial Code | |
Procedure and Evidence | |
Section 405 | Determining the money of the claim. |
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78B-5-405. Determining the money of the claim. (1) Except as provided by Subsection (2), the proper money of the claim is, as in each case may be appropriate, the money: (a) regularly used between the parties as a matter of usage or course of dealing; (b) 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 (c) in which the loss was ultimately felt or will be incurred by a party. (2) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.
Renumbered and Amended by Chapter 3, 2008 General Session |
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