- 21 -
(6th Cir. 1982), affg. T.C. Memo. 1981-344; Forward
Communications Corp. v. United States, 221 Ct. Cl. 582, 608 F.2d
485, 492 (1979); Sonnleitner v. Commissioner, 598 F.2d 464, 468
(5th Cir. 1979), affg. T.C. Memo. 1976-249; Fulton Container Co.
v. United States, 355 F.2d 319, 325 (9th Cir. 1966); Annabelle
Candy Co. v. Commissioner, supra at 7-8; Schulz v. Commissioner,
supra at 55; Peterson Mach. Tool, Inc. v. Commissioner, 79 T.C.
72, 85 (1982), affd. per curiam 54 AFTR 2d 84-5407, 84-2 USTC
par. 9885 (10th Cir. 1984); Major v. Commissioner, 76 T.C. 239,
251 (1981); O'Dell & Co. v. Commissioner, supra at 468-469; Rudie
v. Commissioner, 49 T.C. 131, 139 (1967); Levinson v.
Commissioner, 45 T.C. 380, 389 (1966).
Finally, fair market value is a question of fact, and the
trier of fact must weigh all relevant evidence of value and draw
appropriate inferences. Commissioner v. Scottish Am. Inv. Co.,
323 U.S. 119, 123-125 (1944); Helvering v. National Grocery Co.,
304 U.S. 282, 294 (1938); Symington v. Commissioner, 87 T.C. 892,
896 (1986); Zmuda v. Commissioner, 79 T.C. 714, 726 (1982), affd.
731 F.2d 1417 (9th Cir. 1984). With respect to the concept of
fair market value, that term is generally defined as the price
which a willing buyer would pay a willing seller, both having
reasonable knowledge of the facts and neither acting under any
compulsion. See United States v. Cartwright, 411 U.S. 546, 551
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