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NeCede's

Maxim 12.12.4

Goods are worth as much as they can be sold for.

Res merx valet quantum vendi potest.

Source: Shep. Touch. 142; 3 Inst. 305; Weisman, 35g Difficulty 1/5 — Foundational

Explanation

Market value is determined by the willing buyer — the law measures worth not by sentiment, cost, or aspiration, but by what the marketplace will actually pay.

Where this applies

  • How much something is worth is determined by what the market will pay for it.
  • The value of property is its market price, not what the owner thinks it's worth.
  • Goods are worth what a willing buyer will actually pay.

Legal domains

See also

Cite this maxim

NeCede Max. 12.12.4 — Goods are worth as much as they can be sold for. — Shep. Touch. 142; 3 Inst. 305; Weisman, 35g (Res merx valet quantum vendi potest.)

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