Court Opinion

ID: 9454790
Source: CourtListenerOpinion
Date Created: 2023-08-04 18:59:21.719469+00
Date Added: 2024-06-11T17:34:18.716369
License: Public Domain

JOHN R. BROWN, Chief Judge,
concurring:
I concur in the holding and Judge Gewin’s opinion for us. I would emphasize merely that while sale on credit can satisfy the requirement that the sale be one for cash or its equivalent, the critical thing here is the present market cash value of the deferred payments and security, if any. On the record here, the landowner failed altogether to furnish any evidence upon which the trier could determine this element. Perhaps it was justified in doing so in view of the Trial Judge’s indicated determination to exclude all the evidence which we hold admissible. But now that it is to go in, it is a part of the burden of one attempting to prove “equivalency” to offer proof of the present cash value of the deferred obligations and security. Standing alone it is, to me, just so much paper.