84. Unit Price
1. Valuation/Unit price: "Uniformly, the courts have
condemned the price-unit formula as a basis for determining fair market value
of condemned property." State ex rel. Dep't
Hwys. v. Nev. Aggregates, 92 Nev. 370, 374, 551 P.2d 1095 (1976) (#53)
2. Valuation/Unit price: "It is recognized that a fair
estimation of value cannot be reached simply by multiplying the unit market price
of a given mineral by the estimated quantity thereof contained in the condemned
land. Many other factors need be considered before fair value can be attached
to the mineral bearing property. But, where the product of the price-unit formula
is considered only as one of such factors, no prejudicial error results." Id.
at 375 (#53)