LSDefine

Simple English definitions for legal terms

full value

Read a random definition: liability without fault

A quick definition of full value:

Full value: The complete worth of something. This is similar to the fair market value, which is the price that something would sell for in a fair and open market. A full warranty means that a product is guaranteed to work properly for a certain amount of time. Fully administered means that an executor or administrator has finished taking care of all the assets in an estate and there is nothing left to distribute.

A more thorough explanation:

FULL VALUE

Full value refers to the fair market value of an asset or property. It is the price that a willing buyer would pay to a willing seller in an open market transaction.

For example, if a house is listed for sale at $500,000 and a buyer agrees to pay the full asking price, then the full value of the house is $500,000.

Full value can also refer to a plea made by an executor or administrator of an estate. This plea states that all assets of the estate have been legally disposed of and there are no remaining assets to satisfy any new claims.

For example, if an executor of an estate files a fully administered plea, it means that all debts and taxes have been paid, all assets have been distributed to beneficiaries, and there are no remaining assets to be distributed.

full settlement | fully diluted earnings per share

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

ChowieBean

18:22

congrats!! and good to know llama. why are their 'chance' numbers so weird for my stats...

K0zhii

18:22

hi all !!

babycat

18:22

@ChowieBean: yield protect?

K0zhii

18:23

do u guys have any recommendations for any LSAT prep websites that wont break my wallet

ChowieBean

18:23

i rly liked powerscore! and babycat maybe yeah

K0zhii

18:24

ty :') ive been looking for some prep material but I've seen some where they're like $500 plus for prep material

llama

18:25

7sage, lsatdemon, lsat hacks. check them out it seems like diff ppl have a preference. most offer free trial

babycat

18:25

7sage is $1/month if you can get fee waiver

babycat

18:26

that’s the first thing you should know. apply for a fee waiver through LSAC and it applies to some test prep companies too

llama

18:27

https://www.lsac.org/lsat/register-lsat/lsat-cas-fees/fee-waiver

[] texaslawhopefully

18:28

@K0zhii: I would recommend LSAT Demon (they also have a fee waiver version) & the Loophole

[] texaslawhopefully

18:28

I personally did not like 7Sage, but since it is so cheap w/ fee waiver it might be worth trying

llama

18:34

@K0zhii: to summarize: 1: https://www.lsac.org/lsat/register-lsat/lsat-cas-fees/fee-waiver 2. check out the above mentioned prep companies, sign up/ 'try them on' and see if you have a preference (they are all a little different). 3. If you get an LSAC fee waiver, you can then use it to get discounted access to the prep companies. Hope this helps!

ChowieBean

18:41

ugh berkeley public interest scholars is binding. idk what to do

ChowieBean

18:41

what do u guys think with my stats. ED berk worth it or nah

llama

18:41

bunny^? idk apply and cross that bridge when u get there imo but im clueless.

ChowieBean

18:43

what a difficult decision hm. gotta research berk more ig

llama

18:43

hey did u take the Nov lsat Chowie?

ChowieBean

18:43

binding scares me but its the only chance at a full ride. and no i didnt i canceled

[] texaslawhopefully

18:44

I mean it is not a bad option, unless you're shooting for HYS or something.

ChowieBean

18:44

yeah harvard is def my dream

llama

18:45

I believe regarding PI binding @ NYU? we came to the conclusion that: if you get it, it is binding IF u accept it, after you are admitted, chances are at that point u would know (likely) outcome @ other options. can anyone confirm?

[] texaslawhopefully

18:47

@ChowieBean: Well if HLS is your dream, then don't apply binding somewhere else—at least I wouldn't do that.

ChowieBean

18:47

yes i'm sure that one's binding if you accept. and yeah i probably wont bind to berkeley but i want to still write a public interest essay for them

llama

18:54

I wish eggan jackfrost wasp bunny where here to input some knowledge since they are PI focused. texas seems right- it just really depends on the margin of utility u see in each school, if u are deadest on HLS- likely dont do anything binding to other schools?

ChowieBean

18:56

agree i just feel like it's such a pipe dream for HLS to be dream school

PerpetualCheerfulBeaver

18:58

yall think there will be A's sent tomorrow? or that it will be after thanksgiving

Jordy1992

19:02

I think they will send some this week. :) I read that they did send them out during the holidays last year. I specifically read Thanksgiving week was busy.

babycat

19:02

@ChowieBean: yeah you don’t need to apply ED to berk to be eligible for the scholarship, binding just means that if you accept the scholarship you have to go there

babycat

19:02

it doesn’t mean if they offer you the scholarship you have to go there, only if you accept it

LSD+ is ad-free, with DMs, discounts, case briefs & more.