Take the following as truth: MARKET VALUE - (1) The estimated amount that can be realized by disposing of an item through arm's length transactions in the marketplace; the price (usually representative) at which bona fide sales have been consummated for products of like kind, quality, and quantity in a particular market at any moment of time.
Then the following statement: "Market value is the estimated amount of an item in the school." is true, false, or inconclusive?
Answer: False