§ 25-9-705

25-9-705. Determining money of claim. (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. History: En. Sec. 5, Ch. 152, L. 1993.