Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

just value

Read a random definition: forthcoming

A quick definition of just value:

Just value refers to the worth of something, either in terms of its usefulness or the amount of money it can be exchanged for in a fair and open market. It can also be called fair market value and is often used in legal and financial contexts to determine the value of assets or property. Essentially, just value is the amount that something is worth based on its inherent qualities and the demand for it in the marketplace.

A more thorough explanation:

Definition: Just value is the same as fair market value, which is the price that a seller is willing to accept and a buyer is willing to pay on the open market and in an arm's-length transaction. It is the point at which supply and demand intersect.

Examples:

  • A house is listed for sale at $300,000. After negotiations, the buyer and seller agree on a price of $280,000. This is the just value of the house.
  • A car is being sold by a private owner for $5,000. The buyer offers $4,500 and the seller accepts. This is the just value of the car.

These examples illustrate how just value is determined through negotiation between a buyer and seller in a fair and open market. It is the price that both parties agree is reasonable for the item being sold.

jus trium liberorum | just war

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
LSD+ is ad-free, with DMs, discounts, case briefs & more.