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Section 405 - Determining the money of the claim.

UT Code § 78B-5-405 (2019) (N/A)
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(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.

(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.

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Section 406 - Determining the amount of the money of certain contract claims.