Eminent domain. Sales of like property in the same locality and time frame, admissible in a condemnation action to determine the marketable value of the particular property at issue. [Cases: Evidence 142. C.J.S. Evidence §§ 774–775, 780–781.]
similar sales 〈美〉类似销售 在依法征用引起的诉讼〔condemnation action〕中，如果对财产的市场价值存在争议，则可根据类似财产在相同地区和时间范围内的销售情况作为证据来确定。
referral sales contract. A dual agreement consisting of an agreement by the consumer to purchase goods or services (usu. at an inflated price) and an agreement by the seller to compensate the consumer for each customer (or potential customer) referred to the seller. — Also termed referral sales agreement. Cf. PYRAMID SCHEME. [Cases: Consumer Protection
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market approach. A method of appraising real property, by surveying the market and comparing the property to similar pieces of property that have been recently sold, and making appropriate adjustments for differences between the properties, including location, size of the property, and the dates of sale. — Also termed comparative-sales approach; market-comparison approach; market-data approach.
A market where the items bought and sold are numerous and similar, where competitive bidding and bartering are not prevalent, and where prices paid in sales of comparable items are publicly quoted. • Examples of recognized markets include stock and commodities exchanges. Under the UCC, a secured creditor may, upon the debtor’s default, sell the
deceptive act. As defined by the Federal Trade Commission and most state statutes, conduct that is likely to deceive a consumer acting reasonably under similar circumstances. — Also termed deceptive practice; deceptive sales practice. [Cases: Consumer Protection 4; Trade Regulation 861. C.J.S. Credit Reporting Agencies; Consumer Protection §§ 29–31, 33–34, 36–39; Trade-Marks, Trade-Names, and Unfair
free on board. A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must clear the goods for export, and the buyer must arrange for transportation. • The seller’s delivery is complete (and the risk of loss
price discrimination. The practice of offering identical or similar goods to different buyers at different prices when the costs of producing the goods are the same. • Price discrimination can violate antitrust laws if it reduces competition. It may be either direct, as when a seller charges different prices to different buyers, or indirect, as
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