Value and worth cash out worth relates to property Flashcards
1
Q
Definitions:
A
2
Q
Market value as defined in the Red Book
A
3
Q
Physical attributes to add value – Halifax survey
A
4
Q
Key methods of comparison:
Core methods
A
5
Q
Introduction to diminution in value.
Definition:
A
Describes a measure of value lost due to a circumstance or set of circumstances that caused the loss.
Specifically, measures the value of something before and after the causative act or omission creating the lost value in order to calculate compensatory damages
6
Q
If ever subject to a potential claim, the following issues are likely to be explored:
A
