GENERAL ACCEPTANCE CORPORATION v. Price

1. The plaintiff failed to prove the fair market value of the chattel converted; therefore the verdict for the plaintiff was unauthorized. The only evidence tending to establish its value was the price at which it had been sold some five months previous to the time the plaintiff alleges he was wrongfully deprived of its possession, and the defendant was not a party to that sale nor concerned in it. “As a general rule, the selling price of an article, though relevant upon the question, is not, when standing alone, sufficient to establish market value.” Collins & Glenville R. Co. v. Beasley, 36…