RE:RE:RE:RE:RE:POTENTIAL - DO THE MATH
"The practice of assigning value is so varying in practice."
Exactly! Before one can begin to discuss value, one must address the question of what kind of value. There are many kinds of "value" and many ways of estimating it. Present market value is but one kind of value.
Some other examples of value include salvage, quick sale, distressed circumstances, retrospective, hypothetical (like future value), fractional interest, severance value, condemnation, and many more. All are addressed with slight or major differences in the approaches.
What has always been a wonder to me is how juries address the question of loss of love and affection, something of value, in manslaughter or murder cases.
VP in AZ