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O.C.G.A. § 11-2-724 — Admissibility of market quotations | Georgia Code

O.C.G.A. § 11-2-724 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 11 COMMERCIAL CODE

Section 2. Sales, 11-2-101 through 11-2-725.

ARTICLE 2 SALES

11-2-724. Admissibility of market quotations.

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.

(Code 1933, § 109A-2 - 724, enacted by Ga. L. 1962, p. 156, § 1.)

Law reviews.

- For note, "The Law of Evidence in the Uniform Commercial Code," see 1 Ga. L. Rev. 44 (1966).

JUDICIAL DECISIONS

Cited in Chrysler Credit Corp. v. Cooper, 7 Bankr. 537 (N.D. Ga. 1980).

RESEARCH REFERENCES

Am. Jur. 2d.

- 67A Am. Jur. 2d, Sales, §§ 888, 889.

C.J.S.

- 32A C.J.S., Evidence, § 1003 et seq. 77A C.J.S., Sales, § 369.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 2-724.

ALR.

- Newspapers and trade journals as evidence of market prices or quotations, 43 A.L.R. 1192.

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This Georgia Code resource is curated by Graham W. Syfert, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.