Michigan Compiled Laws

Mich. Comp. Laws § 440.2724 (2026)

Evidence of market price; market quotations, admissibility.

✓ current as of July 2026

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UNIFORM COMMERCIAL CODE

Act 174 of 1962

440.2724 Evidence of market price; market quotations, admissibility.

Sec. 2724.

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.

History: 1962, Act 174, Eff. Jan. 1, 1964

Notes of Decisions

Cited in 1 case, 1975–1975 · leading case: Jones v. Morgan, 228 N.W.2d 419 (Mich. Ct. App. 1975).

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Jones v. Morgan, 228 N.W.2d 419 (Mich. Ct. App. 1975). “2724 as authority that trade journal evidence of value must be allowed by the trial judge but that section clearly applies only to goods regularly bought and sold in an established commodity market, and we question whether used automobiles are bought and sold in a commodity…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.