Colorado § 13-62.1-104 - Determining money of the claim.
Full text of Colorado Colorado Revised Statutes § 13-62.1-104 — Determining money of the claim., with citation guidance and answers to common questions.
§ 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: L. 90: Entire article added, p. 878, § 1, effective January 1, 1991.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 13-62.1-104
What does Colorado Revised Statutes § 13-62.1-104 cover?
Section 13-62.1-104 ("Determining money of the claim.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 13-62.1-104?
A common citation format is "Colorado Revised Statutes § 13-62.1-104" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 13-62.1-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.