2006 Ohio Revised Code - 2337.04. Proper money for payment of claim.

§ 2337.04. Proper money for payment of 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: 145 v H 292. Eff 7-20-94.

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