ORS 24.275: Determining proper money of the claim.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(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 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. [1991 c.202 §5]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors024.html