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Simple English definitions for legal terms

fair market price

Read a random definition: Putative Spouse Doctrine

A quick definition of fair market price:

Fair market price refers to the amount of money that a buyer is willing to pay and a seller is willing to accept for a product or service in a fair and open market. It is the point where supply and demand meet. It is also known as fair market value and is used to determine the monetary worth of something in an exchange.

A more thorough explanation:

Definition: Fair market price is the price at which a seller is willing to sell and a buyer is willing to buy a product or service in an open market and in an arm's-length transaction. It is the point where supply and demand meet.

Examples: If a person wants to sell their car and another person is willing to buy it for $10,000, then $10,000 is the fair market price. Similarly, if a company wants to sell its shares and investors are willing to buy them for $50 per share, then $50 is the fair market price.

Explanation: The examples illustrate that fair market price is the price that both parties agree upon in a transaction. It is not influenced by any external factors and is determined solely by the supply and demand of the product or service being sold.

fairly-debatable rule | fairness doctrine

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thats definetly horsey on an alt
glovediedthisishismom
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no way any professor did that
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real ones shop at bergdorf
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real ones shop at YMH
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i missed another fordham wave
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mamas getting denied
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the bergdorf on 5th Ave in NYC is so
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I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
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im addicted to reacting to all of the decisions
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with the emojis
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I shop at Joe
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Joe's
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i shop at tawget
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i shop at giant eagle
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How did i miss Fordham and American’s wave and I applied in september 🙃
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Lol UC Davis took me of ED and put me in RD
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surprised I didnt get straight denied
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they emailed you/
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?
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@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
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yak you will be fucking shit up at cornell this time next year dw
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