2019 US Virgin Islands Code
Title 11 - Commerce, Technology and Trade
Chapter 30 - Foreign Money Claims
§ 1534. Determining the money of the claim

  • (a) Except as provided in subsection (b) hereof, the proper money of the claim is, as in each case may be appropriate, the money:

    • (1) regularly used between the parties as a matter of usage or course of dealing; or

    • (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 a party.

  • (b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

Disclaimer: These codes may not be the most recent version. US Virgin Islands may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.