Sec. 50a-54. Determination of proper money of claim. - Connecticut Statutes

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Statutes > Connecticut > Title50a > Chap861a > Sec50a-54

      Sec. 50a-54. Determination of proper money of claim. (a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, 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 a party.

      (b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

      (P.A. 89-134, S. 4; P.A. 07-217, S. 183.)

      History: P.A. 07-217 made technical changes in Subsec. (a), effective July 12, 2007.

State Codes and Statutes

Statutes > Connecticut > Title50a > Chap861a > Sec50a-54

      Sec. 50a-54. Determination of proper money of claim. (a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, 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 a party.

      (b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

      (P.A. 89-134, S. 4; P.A. 07-217, S. 183.)

      History: P.A. 07-217 made technical changes in Subsec. (a), effective July 12, 2007.

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State Codes and Statutes

Statutes > Connecticut > Title50a > Chap861a > Sec50a-54

      Sec. 50a-54. Determination of proper money of claim. (a) Except as provided in subsection (b) of this section, proper money of the claim is, as the case may be, 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 a party.

      (b) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.

      (P.A. 89-134, S. 4; P.A. 07-217, S. 183.)

      History: P.A. 07-217 made technical changes in Subsec. (a), effective July 12, 2007.