§ 729.5 Determining proper money of claim

Codes > Oklahoma Statutes > Title 12 > Chapter 12 : Oklahoma Uniform > 729.5

§ 729.5. Determining proper money of claim

    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.