On the rehearing, the court should consider all the evidence which may affect value, including the alleged hiatus in the market at the time of sale. However, under the Heiman v. Bishop (272 N.Y. 83) line of cases, it is obvious that a market value at the time of sale can be ascertained. Furthermore, the value of $45,000 for Lot B is unwarranted on the record. From the testimony, the highest value possible therefor was $40,500.
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.