8.01-465.17 - Determining money of the claim. - Virginia Statutes

§ 8.01-465.17. Determining money of the claim.

The money in which the parties to a transaction have agreed that payment isto be made is the proper money of the claim for payment. If the parties to atransaction have not otherwise agreed, the proper money of the claim is themoney (i) regularly used between the parties as a matter of usage or courseof dealing; (ii) used at the time of a transaction in international trade, bytrade usage or common practice, for valuing or settling transactions in theparticular commodity or service involved; or (iii) in which the loss wasultimately felt or will be incurred by the party claimant.

(1991, c. 24.)