Utah Code § 78B-5-405
Determining the money of the claim
Utah · Utah Code Title 78B — Judicial Code · Status: effective
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- Citation
- Utah Code § 78B-5-405, Determining the money of the claim, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2355503
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Full text
(1) Except as provided by Subsection (2), the proper money of the claim is, as in each case may be appropriate, 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 a party.
(2) The money in which the parties have contracted that a payment be made is the proper money of the claim for that payment.