South Dakota § 21-1-7 Market value considered in estimating damages for deprivation of possession of property.

South Dakota Statutes

§ 21-1-7 — Market value considered in estimating damages for deprivation of possession of property.

South Dakota·Title 21 JUDICIAL REMEDIES·Ch. 21-1 ACTIONS FOR DAMAGES GENERALLY

In estimating damages except as provided by §§ 21-1-8 and 21-1-9 the value of property to an owner thereof deprived of its possession is deemed to be the price at which he might have bought an equivalent thing, in the market nearest to the place where the property ought to have been put into his possession and at such time after the breach of duty upon which his right to damages is founded as would suffice, with reasonable diligence, for him to make such a purchase.

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In estimating damages except as provided by §§ 21-1-8 and 21-1-9 the value of property to an owner thereof deprived of its possession is deemed to be the price at which he might have bought an equivalent thing, in the market nearest to the place where the property ought to have been put into his possession and at such time after the breach of duty upon which his right to damages is founded as would suffice, with reasonable diligence, for him to make such a purchase.

South Dakota § 21-1-7 (Market value considered in estimating damages for deprivation of possession of property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.