Boehck Construction Equipment Corp. v. O'Brien

The major issue presented on this appeal is whether $4,000 is the reasonable value of the crawler within the meaning of sec. 122.221 (1), Stats. Although this section has been on the books since 1943, this court has not yet had the opportunity to consider what is meant by “reasonable value.” The trial court recognized three possibilities — the price bid at the sale, the wholesale price, and the retail sales value — and concluded that the reasonable value is “that value received from the sale at the time of the auction, unless upset by testimony.”

The trial court’s view of how reasonable value…