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An appraiser performing and communicating an appraisal under USPAP may estimate value assuming facts and conditions proscribed by a legal presumption, but a determination would have to be made whether the assumption is an extraordinary assumption or hypothetical condition and communicated appropriately as required under USPAP.
The copyright to USPAP was donated to TAF on April 27, 1987. While USPAP answers a specific regulatory need in the U.S., it has also been adopted by many appraisal professional organizations throughout North and South America, Europe, and Asia. USPAP represents the generally accepted and recognized standards of appraisal practice.
2 comments. 4 Recent 2012 USPAP Changes. 1 comment. Toggle the table of contents. Talk: Extraordinary assumptions and hypothetical conditions. Add languages.
Even if the house is not razed and the site sold as a commercial lot, the highest and best use is the commercial lot use. The market value of the property is driven by this hypothetical conversion, even if it never takes place, due to the utility that this potential conversion would bring to a purchaser.
Report cards are now frequently issued in automated form by computers and may also be mailed. Traditional school report cards contained a section for teachers to record individual comments about the student's work and behavior. Some automated card systems provide for teachers' including such comments, but others limit the report card to grades ...
In the IRAC method of legal analysis, the "issue" is simply a legal question that must be answered. An issue arises when the facts of a case present a legal ambiguity that must be resolved in a case, and legal researchers (whether paralegals, law students, lawyers, or judges) typically resolve the issue by consulting legal precedent (existing statutes, past cases, court rules, etc.).
When the condition refers to the past, but the consequence to the present, the condition clause is in the past perfect (as with the third conditional), while the main clause is in the conditional mood as in the second conditional (i.e. simple conditional or conditional progressive, but not conditional perfect).
If P and Q are "equivalent" statements, i.e. , it is possible to infer P under the condition Q. For example, the statements "It is August 13, so it is my birthday" P → Q {\displaystyle P\to Q} and "It is my birthday, so it is August 13" Q → P {\displaystyle Q\to P} are equivalent and both true consequences of the statement "August 13 is my ...