Virginia Code 8.01-465.19: Asserting and defending foreign-money claim
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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.
Terms Used In Virginia Code 8.01-465.19
- Counterclaim: A claim that a defendant makes against a plaintiff.
- Foreign money: means money other than money of the United States of America. See Virginia Code 8.01-465.14
- 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 Virginia Code 8.01-465.14
- 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 Virginia Code 8.01-465.14
- Money of the claim: means the money determined as proper pursuant to § Virginia Code 8.01-465.14
- Person: means an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, joint venture, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity. See Virginia Code 8.01-465.14
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255
An opposing party may allege and shall prove that all or part of a claim is in a different money than that asserted by the claimant. A person may assert a defense, setoff, recoupment, or counterclaim in any money without regard to the money of other claims.
The determination of the proper money of the claim is a question of law.
1991, c. 24.