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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>59309</law_id><section_number>8.01-465.17</section_number><catch_line>Determining money of the claim</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.01-465.14</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.01">Civil Remedies and Procedure</unit><unit label="chapter" level="2" order_by="1" identifier="17.3">Uniform Foreign-Money Claims Act</unit></structure><text>
						<section><p>The money in which the parties to a transaction have agreed that payment is to be made is the proper <span class="dictionary">money of the claim</span> for payment. If the parties to a transaction have not otherwise agreed, the proper <span class="dictionary">money of the claim</span> is the money (i) regularly used between the parties as a matter of usage or course of dealing; (ii) 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 (iii) in which the loss was ultimately felt or will be incurred by the <span class="dictionary">party</span> claimant.</p></section></text><history>1991, c. 24.</history><metadata></metadata></law>
