pjc-oil-and-gas-2022-lib

PJC 313.7

D AMAGES

“Market value” is the price a willing seller not obligated to sell can obtain from a willing buyer not obligated to buy. Answer: _______________ Source of definition. The definition of “market value” is based on Bluestone Nat ural Resources II, LLC v. Randle , 620 S.W.3d 380, 388 (Tex. 2021); Exxon Corp. v. Middleton , 613 S.W.2d 240, 246 (Tex. 1981); Hlavinka v. HSC Pipeline Partnership, LLC , 650 S.W.3d 483, 496 (Tex. 2022). Prejudgment interest. Instructing the jury not to add interest is suggested because prejudgment interest, if recoverable, will be calculated by the court at the time of judgment. If interest paid on an obligation is claimed as an element of damages, it may be necessary to modify the instruction on interest.

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