Voluntary Sale Law and Legal Definition
A sale conducted liberally or freely is voluntary sale. Absence of compulsion signifies a voluntary sale.
Voluntary sale is opposite to forced sale. In forced sale, sale is made without the consent of the owner of the property.
In voluntary sale fair market value is the price in money at which the property is brought at sale to a willing buyer, both the seller and the buyer having adequate knowledge of the material facts affecting its value. [Peck v. United States, 1965 U.S. Dist. LEXIS 9139 (D. Ga. 1965)].
