Oregon Revised Statutes

Or. Rev. Stat. § 24.275 (2026)

Determining proper money of the claim

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      24.275 Determining proper 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 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]