Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

quanti minoris

Read a random definition: EPS

A quick definition of quanti minoris:

Term: QUANTI MINORIS

Definition: Quanti minoris is a legal term that means a reduction in price. It is used when a buyer has agreed to purchase something at a certain price, but later discovers that the item is worth less than what they agreed to pay. The buyer can then ask for a reduction in price, which is known as quanti minoris. This term is often used in contract law and can help protect buyers from overpaying for goods or services.

A more thorough explanation:

QUANTI MINORIS

Quanti minoris is a legal term that means "for how much less." It is used in situations where a buyer has agreed to purchase something at a certain price, but later discovers that the item is worth less than the agreed-upon price. The buyer can then sue the seller for the difference in value, or the "how much less" the item is worth.

For example, if a buyer agrees to purchase a car for $10,000, but later discovers that the car has significant mechanical issues that decrease its value to $8,000, the buyer can sue the seller for quanti minoris, or the $2,000 difference in value.

Another example would be if a buyer agrees to purchase a piece of land for $100,000, but later discovers that the land has environmental issues that decrease its value to $80,000, the buyer can sue the seller for quanti minoris, or the $20,000 difference in value.

These examples illustrate how quanti minoris is used in legal situations where a buyer has agreed to purchase something at a certain price, but later discovers that the item is worth less than the agreed-upon price. The buyer can then sue the seller for the difference in value, or the "how much less" the item is worth. This legal term helps protect buyers from being taken advantage of in transactions where the seller may not disclose all relevant information about the item being sold.

quango | quantitative rule

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
awman i was hopign to come home to a ucla wave
is it too late? its 2pm there
OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
LSD+ is ad-free, with DMs, discounts, case briefs & more.