16.02 [1978 Revision] Definition-Fair Market Value | Pdf Doc Docx | Missouri_JI

 California Jury Instructions   16 
16.02 [1978 Revision] Definition-Fair Market Value | Pdf Doc Docx | Missouri_JI

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16.02 [1978 Revision] Definition-Fair Market Value

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Instruction No 1 16.02 [1978 Revision] Definition--Fair Market Value The phrase "fair market value" as used in this [these] instruction[s] means the price which the property in question would bring when offered for sale by one willing but not obliged to sell it, and when bought by one willing or desirous to purchase it but who is not compelled to do so. In determining fair market value you should take into consideration all the uses to which the property may best be applied or for which it is best adapted, under existing conditions and under conditions to be reasonably expected in the near future.

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