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. If the parties to a transaction have not otherwise agreed, the proper money of the claim is the money (i) regularly used between the parties as a matter of usage or course of dealing; (ii) 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 (iii) in which the loss was ultimately felt or will be incurred by the party claimant.
1991, c. 24.
Structure Code of Virginia
Title 8.01 - Civil Remedies and Procedure
Chapter 17.3 - Uniform Foreign-Money Claims Act
§ 8.01-465.16. Variation by agreement
§ 8.01-465.17. Determining money of the claim
§ 8.01-465.18. Determining amount of the money of certain contract claims
§ 8.01-465.19. Asserting and defending foreign-money claim
§ 8.01-465.21. Conversions of foreign money in distribution proceeding
§ 8.01-465.22. Prejudgment and judgment interest
§ 8.01-465.23. Enforcement of foreign judgments
§ 8.01-465.24. Determining United States dollar value of foreign-money claims for limited purposes
§ 8.01-465.25. Effect of substitution of currency by issuing authority