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§ 13-62-1-104 — Colorado Law | CourtGPT
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  7. § 13-62-1-104
Colorado Legal Code

§ 13-62-1-104

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(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: (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 common practice, 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 the party claimant.L. 90: Entire article added, p. 878, § 1, effective 1/1/1991.