C.R.S. Section 13-62.1-104
Determining money of the claim


(1)

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.

(2)

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:

(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 the party claimant.

Source: Section 13-62.1-104 — Determining money of the claim, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-13.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 13-62.1-104’s source at colorado​.gov