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Simple English definitions for legal terms
quantum nunc valent
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A quick definition of quantum nunc valent:
Term: QUANTUM NUNC VALENT
Definition: Quantum nunc valent is a Latin term used in law history to refer to the current value of lands. It means "how much they are now worth." It can be compared to other similar terms such as antiquus et novus extentus and quantum valuerunt tempore pacis.
A more thorough explanation:
QUANTUM NUNC VALENT
Quantum nunc valent is a Latin legal term that means "how much they (the lands) are now worth." It refers to the current value of a property or land.
- After the fire, the insurance company assessed the quantum nunc valent of the damaged property.
- The court ordered the parties to determine the quantum nunc valent of the disputed land before proceeding with the case.
These examples illustrate how quantum nunc valent is used to determine the current value of a property or land. In the first example, the insurance company needs to know the current value of the damaged property to determine the amount of compensation to be paid. In the second example, the court needs to establish the current value of the disputed land to make a fair decision.