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§ 9-32-1-5 — Rhode Island Law | CourtGPT
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  6. § 9-32-1-5
Rhode Island Legal Code

§ 9-32-1-5

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(a) 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. (b) 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: (1) Regularly used between the parties as a matter of usage or course of dealing; (2) 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) In which the loss was ultimately felt or will be incurred by the party claimant. History of Section.P.L. 2009, ch. 248, § 1; P.L. 2009, ch. 266, § 1.