Ohio § 2337.05
Full text of Ohio Ohio Revised Code § 2337.05, with citation guidance and answers to common questions.
§ 2337.05.
(A) If an amount contracted to be paid in a foreign money is measured by a specified
amount of a different money, the amount to be paid is determined on the conversion
date. (B) If an amount contracted to be paid in a foreign money is to be measured by a different
money at the rate of exchange prevailing on a date before default, that rate of exchange
applies only to payments made within a reasonable time after default, not exceeding
thirty days. Thereafter, conversion is made at the bank-offered spot rate on the conversion date. (C) A monetary claim is neither usurious nor unconscionable because the agreement on
which it is based provides that the amount of the debtor's obligation to be paid in
the debtor's money, when received by the creditor, must equal a specified amount of
the foreign money of the country of the creditor. If, because of unexcused delay in payment of a judgment or award, the amount received
by the creditor does not equal the amount of the foreign money specified in the agreement,
the court or arbitrator shall amend the judgment or award accordingly.
Frequently Asked Questions About Ohio § 2337.05
What does Ohio Revised Code § 2337.05 cover?
Section 2337.05 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 2337.05?
A common citation format is "Ohio Revised Code § 2337.05" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 2337.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.