§ 24.275 Determining money of the claim

Codes > Oregon Revised Statutes > Title 2 > Chapter 24 : Uniform Foreign-Money > 24.275

24.275. Determining money of the claim

    (1) 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.

    (2) If the parties to a transaction have not otherwise agreed, the money of the claim, as in each case may be appropriate, is 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 the party claimant.