• Current through October 23, 2012

(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.

(Feb. 10, 1996, D.C. Law 11-85, § 2, 42 DCR 6791.)


Prior Codifications

1981 Ed., § 15-903.

Legislative History of Laws

For legislative history of D.C. Law 11-85, see Historical and Statutory Notes following § 15-901.

Uniform Law

This section is based upon § 4 of the Uniform Foreign-Money Claims Act. See 13 Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.