Colorado Code
Part 7 - Remedies
§ 4-2-723. Proof of Market Price - Time and Place

Source: L. 65: p. 1343, § 1. C.R.S. 1963: § 155-2-723.
Prior Uniform Statutory Provision: None.
Purposes: To eliminate the most obvious difficulties arising in connection with the determination of market price, when that is stipulated as a measure of damages by some provision of this Article. Where the appropriate market price is not readily available the court is here granted reasonable leeway in receiving evidence of prices current in other comparable markets or at other times comparable to the one in question. In accordance with the general principle of this Article against surprise, however, a party intending to offer evidence of such a substitute price must give suitable notice to the other party.
This section is not intended to exclude the use of any other reasonable method of determining market price or of measuring damages if the circumstances of the case make this necessary.
Definitional Cross References:
"Action". Section 4-1-201.
"Aggrieved party". Section 4-1-201.
"Goods". Section 4-2-105.
"Notifies". Section 4-1-201.
"Party". Section 4-1-201.
"Reasonable time". Section 4-1-204.
"Usage of trade". Section 4-1-205.

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