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Simple English definitions for legal terms

legal value

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A quick definition of legal value:

Legal value refers to the advantage or profit gained from a promise or contract. It can also refer to financial assistance received from an employer or public program during times of sickness, disability, or unemployment. In legal terms, it is often used interchangeably with the term "benefit".

A more thorough explanation:

Legal value refers to the advantage, profit, or gain that is received from a promise or contract. It is also known as legal benefit. For example, when someone sells a car, the money they receive is the legal value or benefit they get from the sale.

Another example of legal value is a death benefit, which is the sum of money paid to a beneficiary from a life insurance policy when the insured person dies.

Employers may also offer fringe benefits to their employees, such as insurance, a company car, or a tuition allowance. These benefits are considered legal value because they provide an advantage or profit to the employee.

In the context of eminent domain, special benefits or peculiar benefits may be given to the owner of land that is partially taken by the government during a public project. These benefits justify a reduction in the damages payable to the owner.

Overall, legal value refers to any advantage, profit, or gain that is received from a promise or contract, and it can be monetary or non-monetary.

legal usufruct | legal vote

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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