New Mexico Forms Library

Decision Information

Decision Content

14-1510. "Amount of damage"; defined.

            "Amount of damage" means the difference between the price at which the property could ordinarily be bought or sold prior to the damage and the price at which the property could be bought or sold after the damage. If the cost of repair of the damaged property exceeds the replacement cost of the property, the value of the damaged property is the replacement cost.

 

USE NOTES

            This instruction is to be used with UJI 14-1501.

[Approved, effective October 1, 1992.]

 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.