Current through 2024 Public Law 457
Section 9-32.1-5 - Determining 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.R.I. Gen. Laws § 9-32.1-5
P.L. 2009, ch. 248, § 1; P.L. 2009, ch. 266, § 1.