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Saturday, August 15, 2009

Fair Market value


Fair market value is the price you would have to pay to buy a particular asset or service on the open market.

The concept of fair market value assumes that both buyer and seller are reasonably well informed of market conditions. It also assumes that neither is under undue pressure to buy or sell, and that neither intends to defraud the other.

But In many country due to lack of time of government, people are not getting the fixedprice and they are cheated day by day. So, all the people blame the government, they should make the fixed price for the all people. People even cheated with lots of money, if the fixed price may by 10dollars then then the sellers may sell them on 20 dollars. In this way people are cheated. So i want to aware all the people who read this blog, that they must know the fixed price of the market. They must be fair on the market value. If they do not give bill, when we buy then people must call the police. so Fair market value can be fair.

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