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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