The owner of home furnishings and personal apparel which have been taken by a wrongdoer may recover the actual value to him of the items taken, excluding fanciful considerations, and is not limited to their second-hand value.
This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Cook Illinois Instruction to Jury as to Determining Value of Household or Personal Goods is a set of guidelines provided to juries in Illinois courts to assess the value of household or personal goods in legal proceedings. These instructions assist juries in accurately determining the monetary worth of items that may have been damaged, lost, or disputed. In cases involving household or personal goods, such as property loss due to accidents, theft, or negligence, it is crucial to establish their fair market value. The Cook Illinois Instruction to Jury as to Determining Value of Household or Personal Goods includes several components to assist the jury in making these determinations. 1. Definition of fair market value: The instructions provide a clear definition of fair market value, stating that it is the price that the goods would sell for in the open market between a willing buyer and a willing seller, with no compulsion to buy or sell. 2. Consideration of age and condition: The instructions direct the jury to consider the age and condition of the goods in question. Older items or those in poor condition may have a lower value than their newer or better-maintained counterparts. 3. Evaluation of replacement cost: When determining value, the instructions direct the jury to consider the cost of replacing the damaged or lost items with similar goods in similar condition. This ensures that the compensation awarded aligns with the cost of obtaining equivalent items. 4. Expert testimony and evidence: The guidelines allow for the inclusion of expert testimony and other relevant evidence that may assist in validating the value of the household or personal goods. This ensures that juries have access to specialized knowledge and opinions to make informed decisions. 5. Consideration of sentimental value: While sentimental value cannot be precisely quantified, the instructions may also mention that it is not a factor to be considered in determining fair market value. Sentimental value, which might be associated with heirlooms or sentimental possessions, is distinct from monetary worth. 6. Adjustments for depreciation: In cases where the age or wear and tear of items are significant factors, the instructions may outline a process to adjust the value based on depreciation. This helps account for the reduced value as goods age or sustain damage over time. Overall, Cook Illinois Instruction to Jury as to Determining Value of Household or Personal Goods provides a comprehensive framework for juries to assess the value of household or personal goods in legal proceedings. These guidelines ensure fair compensation is awarded by considering factors such as fair market value, replacement cost, age, condition, expert testimony, and depreciation adjustments.Cook Illinois Instruction to Jury as to Determining Value of Household or Personal Goods is a set of guidelines provided to juries in Illinois courts to assess the value of household or personal goods in legal proceedings. These instructions assist juries in accurately determining the monetary worth of items that may have been damaged, lost, or disputed. In cases involving household or personal goods, such as property loss due to accidents, theft, or negligence, it is crucial to establish their fair market value. The Cook Illinois Instruction to Jury as to Determining Value of Household or Personal Goods includes several components to assist the jury in making these determinations. 1. Definition of fair market value: The instructions provide a clear definition of fair market value, stating that it is the price that the goods would sell for in the open market between a willing buyer and a willing seller, with no compulsion to buy or sell. 2. Consideration of age and condition: The instructions direct the jury to consider the age and condition of the goods in question. Older items or those in poor condition may have a lower value than their newer or better-maintained counterparts. 3. Evaluation of replacement cost: When determining value, the instructions direct the jury to consider the cost of replacing the damaged or lost items with similar goods in similar condition. This ensures that the compensation awarded aligns with the cost of obtaining equivalent items. 4. Expert testimony and evidence: The guidelines allow for the inclusion of expert testimony and other relevant evidence that may assist in validating the value of the household or personal goods. This ensures that juries have access to specialized knowledge and opinions to make informed decisions. 5. Consideration of sentimental value: While sentimental value cannot be precisely quantified, the instructions may also mention that it is not a factor to be considered in determining fair market value. Sentimental value, which might be associated with heirlooms or sentimental possessions, is distinct from monetary worth. 6. Adjustments for depreciation: In cases where the age or wear and tear of items are significant factors, the instructions may outline a process to adjust the value based on depreciation. This helps account for the reduced value as goods age or sustain damage over time. Overall, Cook Illinois Instruction to Jury as to Determining Value of Household or Personal Goods provides a comprehensive framework for juries to assess the value of household or personal goods in legal proceedings. These guidelines ensure fair compensation is awarded by considering factors such as fair market value, replacement cost, age, condition, expert testimony, and depreciation adjustments.
