What is the test for determining the fair market value of a property that was stolen from a department store?
California, United States of America
The following excerpt is from People v. Swanson, 142 Cal.App.3d 104, 190 Cal.Rptr. 768 (Cal. App. 1983):
People v. Pena, 68 Cal.App.3d 100, 135 Cal.Rptr. 602, also involved theft from a department store. The case determined that the law was well settled and correct that the value of the property was determined by the fair market value rather than the value to a particular individual. (At p. 104, 135 Cal.Rptr. 602.)
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