The price at which a willing seller would sell and a willing buyer would buy in an arm's-length transaction is the ____ value.
A)book
B)fair market
C)investment
D)intrinsic
E)liquidation

Question

Quizplus · Accepted Answer

Fair market value is the price at which a property would sell for on the open market between a willing buyer and a willing seller, each having reasonable knowledge of all relevant facts, and neither being under any compulsion to buy or sell.

The Price at Which a Willing Seller Would Sell and a Willing