78B-5-405 - Determining the money of the claim. - Utah Statutes

78B-5-405. Determining the money of the claim.
(1) Except as provided by Subsection (2), the proper money of the claim is, as in eachcase may be appropriate, the money:
(a) regularly used between the parties as a matter of usage or course of dealing;
(b) used at the time of a transaction in international trade, by trade usage or commonpractice, for valuing or settling transactions in the particular commodity or service involved; or
(c) in which the loss was ultimately felt or will be incurred by a party.
(2) The money in which the parties have contracted that a payment be made is the propermoney of the claim for that payment.

Renumbered and Amended by Chapter 3, 2008 General Session