§ 25-9-705 Determining money of claim

Codes > Montana Code > Title 25 > Chapter 9 : Part 7 > 25-9-705 Determining

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.