Whether there is an available market or not1, the value of the goods is to be taken independently of any circumstances peculiar to the consignee that are not within the contemplation of the parties2. If, therefore, he has already contracted to sell the goods, the contract price must be disregarded, whether it is higher3 or lower4 than the market price; but, for the purpose of estimating the value of the goods where there is no market, any contract of sale at a relevant date may be used as evidence of value5.
Similarly, where the loss of the goods prevents him
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234