Sec. 2724.
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.
History: 1962, Act 174, Eff. Jan. 1, 1964
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 2 - Sales (440.2101...440.2725)
174-1962-2-7 - Part 7 Remedies (440.2701...440.2725)
Section 440.2701 - Collateral or Ancillary Contracts; Remedies for Breach.
Section 440.2702 - Insolvency of Buyer; Remedies of Seller.
Section 440.2705 - Stoppage of Delivery in Transit or Otherwise; Conditions; Notice to Bailee.
Section 440.2707 - Person in the Position of a Seller.
Section 440.2708 - Nonacceptance or Repudiation; Seller's Damages.
Section 440.2709 - Nonpayment; Action for Price, Damages.
Section 440.2710 - Seller's Incidental Damages.
Section 440.2712 - Cover; Procurement of Substitute Goods; Buyer's Damages.
Section 440.2713 - Nondelivery or Repudiation; Buyer's Damages.
Section 440.2714 - Accepted Goods; Buyer's Damages for Breach.
Section 440.2715 - Buyer's Incidental and Consequential Damages.
Section 440.2716 - Specific Performance; Replevin; Claim and Delivery.
Section 440.2717 - Deduction of Damages From Price; Notice.
Section 440.2718 - Liquidation and Limitation of Damages; Restitution to Buyers.
Section 440.2719 - Contractual Modification or Limitation of Remedies.
Section 440.2720 - Cancellation, Rescission, Antecedent Breach.
Section 440.2721 - Remedies for Misrepresentation or Fraud.
Section 440.2722 - Right of Action Against Third Party for Injury to Goods.
Section 440.2723 - Evidence of Market Price; Time, Place, Surprise.
Section 440.2724 - Evidence of Market Price; Market Quotations, Admissibility.
Section 440.2725 - Statute of Limitations in Contracts for Sale; Contractual Reduction.