Shawmut Inn v. Inhabitants of Kennebunkport

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that in determining market value, “[t]he weight to be given to the sale price ... depends upon the petitioner’s ability to show that the sale price was indicative of the price a willing buyer would pay in a free and open market”
• stating market value is that which a willing buyer will pay a willing seller in a fair public sale
• stating that in determining market value, “[t]he weight to be given to the sale price . . . depends upon the petitioner’s ability to show that the sale price was indicative of the price a willing buyer would pay in a free and open market”
• \evidence of what the property sold for in a bona fide sale is most significant.\
• \market value\ is \the price a willing buyer would pay a willing seller at a fair public sale ... in a free and open market.\
• little weight given to sale price “consummated between shareholders in a close corporation”

Source: CourtListener parenthetical corpus (CC0).