10-1504. DETERMINING MONEY OF THE CLAIM. (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.
History:
[10-1504, added 2001, ch. 329, sec. 1, p. 1156.]
Structure Idaho Code
Title 10 - ISSUES, TRIAL AND JUDGMENT IN CIVIL ACTIONS
Chapter 15 - UNIFORM FOREIGN-MONEY CLAIMS ACT
Section 10-1501 - DEFINITIONS.
Section 10-1503 - VARIATION BY AGREEMENT.
Section 10-1504 - DETERMINING MONEY OF THE CLAIM.
Section 10-1505 - DETERMINING AMOUNT OF THE MONEY OF CERTAIN CONTRACT CLAIMS.
Section 10-1506 - ASSERTING AND DEFENDING FOREIGN-MONEY CLAIM.
Section 10-1508 - CONVERSIONS OF FOREIGN MONEY IN DISTRIBUTION PROCEEDING.
Section 10-1509 - PREJUDGMENT AND JUDGMENT INTEREST.
Section 10-1510 - ENFORCEMENT OF FOREIGN JUDGMENTS.
Section 10-1512 - EFFECT OF CURRENT REVALORIZATION.
Section 10-1513 - SUPPLEMENTARY GENERAL PRINCIPLES OF LAW.
Section 10-1514 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.
Section 10-1515 - SHORT TITLE.