2015 Oklahoma Statutes
Title 12. Civil Procedure
§12-729.5. Determining proper money of claim.

12 OK Stat § 12-729.5 (2015) What's This?

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.

Added by Laws 1994, c. 165, § 5, eff. Jan. 1, 1995.

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