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Simple English definitions for legal terms

actual market value

Read a random definition: CUR.

A quick definition of actual market value:

Actual market value refers to the amount of money that something is worth in a fair and open market. It is the price that a buyer is willing to pay and a seller is willing to accept for something in an arm's-length transaction. This value can be influenced by factors such as supply and demand, the condition of the item, and the opinions of buyers and sellers. It is important to determine the actual market value of something for purposes such as insurance, taxation, and buying and selling goods and services.

A more thorough explanation:

Actual market value refers to the amount of money that something can command in an exchange. It is the price that a buyer is willing to pay and a seller is willing to accept in an arm's-length transaction. Actual market value is also known as fair market value.

For example, if a person wants to sell their car, the actual market value is the price that a buyer is willing to pay for it. If the seller and buyer agree on a price, then that is the actual market value of the car.

In insurance, actual market value is used to determine the replacement cost of an item minus normal depreciation. For example, if a person's car is stolen and they have insurance, the insurance company will determine the actual market value of the car at the time it was stolen and pay the policyholder that amount.

actual malice | actual physical control

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no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
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