UJI 14-1510 NMRA

UJI 14-1510. "Amount of damage"; defined.

Last amended: 1992Year: 1992Length: 64 wordsOfficial source
“Amount of damage” means the difference between the price at which the property could ordinarily be bought or sold prior to the damage and the price at which the property could be bought or sold after the damage. If the cost of repair of the damaged property exceeds the replacement cost of the property, the value of the damaged property is the replacement cost.
UJI 14-1510 NMRA: UJI 14-1510. "Amount of damage"; defined. | Justis AI