Idaho Code 10-1506 – Asserting and Defending Foreign-Money Claim
Current as of: 2023 | Check for updates
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(a) A person may assert a claim in a specified foreign money. If a foreign-money claim is not asserted, the claimant makes the claim in United States dollars.
(b) An opposing party may allege and prove that a claim, in whole or in part, is in a different money than that asserted by the claimant.
Terms Used In Idaho Code 10-1506
- Counterclaim: A claim that a defendant makes against a plaintiff.
- Foreign money: means money other than money of the United States of America. See Idaho Code 10-1501
- Foreign-money claim: means a claim upon an obligation to pay, or a claim for recovery of a loss, expressed in or measured by a foreign money. See Idaho Code 10-1501
- Money: means a medium of exchange for the payment of obligations or a store of value authorized or adopted by a government or by inter-governmental agreement. See Idaho Code 10-1501
- Money of the claim: means the money determined as proper pursuant to section SECTsp1/>10-1504. See Idaho Code 10-1501
- Person: means an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, joint venture, partnership, association, two (2) or more persons having a joint or common interest, or any other legal or commercial entity. See Idaho Code 10-1501
(c) A person may assert a defense, set-off, recoupment or counterclaim in any money without regard to the money of other claims.
(d) The determination of the proper money of the claim is a question of law.