N.C. Gen. Stat. § 1C-1823
Determining proper money of the claim
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(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.
(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;
(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
(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.
(4) In which the loss was ultimately felt or will be incurred by the party claimant.
History
(1995, c. 213, s. 1.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.