§ 1C-1823. Determining proper money of the claim. - North Carolina Statutes

§1C‑1823.  Determining proper money of the claim.

(a)        The money in whichthe parties to a transaction have agreed that payment is to be made is theproper money of the claim for payment.

(b)        If the parties to atransaction have not otherwise agreed, the proper money of the claim, as ineach case may be appropriate, is the money:

(1)        Regularly usedbetween the parties as a matter of usage or course of dealing;

(2)        Used at the time ofa transaction in international trade, by trade usage or common practice, forvaluing or settling transactions in the particular commodity or serviceinvolved; or

(3)        In which the losswas ultimately felt or will be incurred by the party claimant. (1995,c. 213, s. 1.)