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Simple English definitions for legal terms
quoad valet seipsum
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A quick definition of quoad valet seipsum:
Term: QUOAD VALET SEIPSUM
Definition: Quoad valet seipsum means considering something's true worth or value.
It is a Latin phrase that was commonly used in history to refer to the actual value of something. It means that when we talk about the value of something, we should consider its real worth, not just its appearance or what people say about it.
For example, if we want to buy a car, we should not just look at its brand or design, but also its performance, reliability, and other factors that determine its true value.
Overall, quoad valet seipsum reminds us to be mindful of the actual worth of things and not be swayed by superficial factors.
A more thorough explanation:
QUOAD VALET SEIPSUM
Quoad valet seipsum is a Latin term that means "with regard to its real value."
- When selling a used car, it is important to determine its quoad valet seipsum to ensure that you are getting a fair price.
- A property appraiser will assess a house's quoad valet seipsum to determine its market value.
These examples illustrate how quoad valet seipsum is used to determine the true value of something. In the first example, the seller wants to make sure they are not selling their car for less than it is worth. In the second example, the appraiser needs to determine the value of the house for potential buyers or sellers.