ORS 24.280
Determining amount of money of certain contract claims

(1)

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.

(2)

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 30 days. Thereafter, conversion is made at the bank-offered spot rate on the conversion date.

(3)

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, upon the motion of any party, amend the judgment or award accordingly. [1991 c.202 §6]

Source: Section 24.280 — Determining amount of money of certain contract claims, https://www.­oregonlegislature.­gov/bills_laws/ors/ors024.­html.

24.105
Definition for ORS 24.105 to 24.125, 24.135 and 24.155 to 24.175 24.115
Filing of foreign judgment 24.125
Notice of filing of judgment 24.129
Certification of filing in single court 24.135
Grounds for staying enforcement of judgment 24.140
Interest and costs 24.150
Satisfaction of judgment 24.155
Optional procedure 24.165
Construction of ORS 24.105 to 24.125, 24.135 and 24.155 to 24.175 24.175
Short title 24.190
Foreign restraining orders 24.260
Definitions for ORS 24.260 to 24.335 24.265
Scope of application of ORS 24.260 to 24.335 24.270
Variation of application by agreement 24.275
Determining proper money of the claim 24.280
Determining amount of money of certain contract claims 24.285
Asserting and defending foreign-money claim 24.290
Judgments and awards on foreign-money claims 24.295
Conversions of foreign money in distribution proceeding 24.300
Prejudgment and judgment interest 24.305
Enforcement of foreign judgments 24.310
Determining United States dollar value of foreign-money claims for limited purposes 24.315
Effect of currency substitution 24.320
Supplementary general principles of law 24.325
Uniformity of application and construction 24.330
Severability 24.335
Short title 24.350
Definitions for ORS 24.350 to 24.400 24.355
Applicability to judgments 24.360
Standards for recognition of foreign-country judgment 24.365
Personal jurisdiction 24.370
Procedure for recognition of foreign-country judgment 24.375
Effect of recognition of foreign-country judgment 24.380
Stay of proceedings pending appeal of foreign-country judgment 24.385
Statute of limitations 24.390
Uniformity of interpretation 24.395
Saving clause 24.400
Short title
Green check means up to date. Up to date

Current through early 2024

§ 24.280’s source at oregon​.gov