N.C. Gen. Stat. § 1C-1823
Determining proper money of the claim
North Carolina · North Carolina General Statutes Chapter 1C — Chapter 1C. · Status: effective
Cite this
- Citation
- N.C. Gen. Stat. § 1C-1823, Determining proper money of the claim, North Carolina, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1305367
- Permanent ID
ys:prov:1305367@1- SHA-256
32433e764f98be86d9439bda8204c537c46de8cfe4b9380dba02636eb400679c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Determining proper money of the 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. (1995, c. 213, s. 1.)