Illinois Statutes
§ 2-724 — Admissibility of market quotations
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 2 - Sales
Whenever the prevailing price or value of any goods regularly bought and sold in any established commodity market is in issue, reports in official publications or trade journals or in newspapers or periodicals of general circulation published as the reports of such market shall be admissible in evidence. The circumstances of the preparation of such a report may be shown to affect its weight but not its admissibility.
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Legislative History
(Source: Laws 1961, p. 2101.)
Nearby Sections
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§ 2-101
Short title§ 2-102
§ 2-102§ 2-104
Definitions§ 2-105
§ 2-105§ 2-106
§ 2-106§ 2-203
Seals inoperative§ 2-204
Formation in general§ 2-205
Firm offers§ 2-208
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