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LSDefine

Simple English definitions for legal terms

true value

Read a random definition: general warrant

A quick definition of true value:

True value refers to the actual worth or price of something, whether it's the amount of money it can be sold for or its usefulness to people. It can also be called fair market value, which is the price that a buyer is willing to pay and a seller is willing to accept in an open and fair transaction. True value can be affected by factors like supply and demand, the condition of the item, and the opinions of buyers and sellers.

A more thorough explanation:

Definition: 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; the point at which supply and demand intersect.

Examples:

  • A house is listed for sale at $300,000, but after negotiations, the buyer and seller agree on a price of $280,000. The true value of the house is $280,000.
  • A car dealership offers a vehicle for $25,000, but a customer negotiates and agrees to purchase it for $22,000. The true value of the car is $22,000.

These examples illustrate how the true value of an item is determined by the agreement between the buyer and seller in a fair market transaction. It is the price that both parties are willing to accept and pay, taking into account the supply and demand of the item.

true trademark | true-value rule

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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