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New Mexico · Through 2024-10-16

39-4C-5: Determining money of the claim.

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Where this section sits in the code
  1. Chapter 39 - Judgments, Costs, Appeals
  2. ARTICLE 4C Foreign-Money Claims

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.

Collected 2026-09-03T15:02:19Z. Source file · JSON

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