Posted by: Sajha_Lawyer April 8, 2008
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Unless the agreement mentions otherwise and in absence of any expressed or implied agreement regarding exchange rate, 1000 US Dollar will be the appropriate amount to be paid to Mr. Y from Mr. X.
The law relating to this question is governed by Private International Law which is also called "conflict of laws" and generally I say, the intention of the parties where they intended to enter into the contract will be the basis. In abscence of more details, It's my verdict that 1000 USD be paid to the plaintiff within a month.
The case is dismissed. The parties bear their own costs.
Sajha_Lawyer
The law relating to this question is governed by Private International Law which is also called "conflict of laws" and generally I say, the intention of the parties where they intended to enter into the contract will be the basis. In abscence of more details, It's my verdict that 1000 USD be paid to the plaintiff within a month.
The case is dismissed. The parties bear their own costs.
Sajha_Lawyer