North Carolina General Statutes 1C-1823. Determining proper money of the claim
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(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;
Terms Used In North Carolina General Statutes 1C-1823
- Money: means a medium of exchange for the payment of obligations or a store of value authorized or adopted by a government or by intergovernmental agreement. See North Carolina General Statutes 1C-1820
- Money of the claim: means the money determined as proper for payment of the claim pursuant to N. See North Carolina General Statutes 1C-1820
(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. (1995, c. 213, s. 1.)