Evidence of USPAP Violation Does Not Establish Appraiser’s Negligence Per Se

Business Valuation UpdateVol. 11 No. 4
Legal and Court Case Update
April 2005
5411 Grocery Stores
445120 Convenience Stores

Olympic Coast Investment, Inc. v. Gadini
2005 Wash. App. LEXIS 198
February 1, 2005
State Court
Court of Appeals
Brendan Victor Monahan, Gary W. East


Olympic Coast Investment Inc., and individual investors (collectively OCI) hired Paul Iverson to conduct an independent appraisal of a gas station and convenience store for the purpose of making a loan in connection with the sale of the business.

See Also

Olympic Coast Investment, Inc. v. Gadini

The court in this case ruled that evidence that an appraiser failed to follow USPAP did not prove the appraiser's negligence per se, but had to be presented to the jury for a determination on negligence.