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Simple English definitions for legal terms

fair market price

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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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