C.R.S. § 13-62.1-104

13-62.1-104. Determining money of the claim

Year: 2026Length: 121 wordsSubsections: 3Official source
13-62.1-104. Determining money of the 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.
C.R.S. § 13-62.1-104: 13-62.1-104. Determining money of the claim | Justis AI