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Idaho Code § 10-1504

Determining money of the claim

Known as the Uniform Foreign-Money Claims Act

The act spans §§ 10–10 (17 sections).

I.C., § 10-1504, as added by 2001, ch. 329, § 1, p. 1155.

(1) 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.

(2) 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: Regularly used between the parties as a matter of usage or course of dealing;

(3) 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

(4) In which the loss was ultimately felt or will be incurred by the party claimant.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.