California CodesBusiness and Professions Code - BPCDivision 7 — General Business RegulationsPart 2 — Preservation and Regulation of CompetitionChapter 4 — Unfair Trade PracticesArticle 4 — Civil LiabilitySection 17077
In any action or prosecution for sales below cost in violation of this chapter, if the defendant acquires his raw materials for a consideration not wholly or definitely computable in money, the cost of the raw materials shall be presumed to be the prevailing market price for similar raw materials in the ordinary channels of trade in the locality or vicinity in which such raw materials were acquired, at the time of the acquisition.
Notes
Establishes that, in a below-cost-sales action or prosecution, raw materials acquired for consideration not wholly or definitely measurable in money are presumed to cost the prevailing market price for similar materials. The relevant price is the ordinary-channel market price in the acquisition locality or vicinity at the time of acquisition.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 17077 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-7/part-2/chapter-4/article-4/section-17077