California, United States of America
The following excerpt is from South Bay Irr. Dist. v. California-American Water Co., 133 Cal.Rptr. 166, 61 Cal.App.3d 944 (Cal. App. 1976):
The evidence need not show the existence of an actual seller and buyer, or the existence of an actual market. A showing of potential sellers and buyers in a potential market will suffice (City of Los Angeles v. Retlaw Enterprises, Inc., supra, 16 Cal.3d 473, 496, 128 Cal.Rptr. 436, 546
Page 185
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.