Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

ultra valorem

Read a random definition: dry check

A quick definition of ultra valorem:

Term: ULTRA VALOREM

Definition: Ultra valorem means "beyond the value" in Law Latin. It refers to a situation where something exceeds its value or worth.

For example, if a person owes a debt of $100, but the creditor demands $200, the demand is ultra vires because it goes beyond the value of the debt.

Overall, ultra valorem is a legal term used to describe situations where something exceeds its value or worth.

A more thorough explanation:

ULTRA VALOREM

Ultra valorem is a Latin term used in law that means "beyond the value." It refers to a situation where something exceeds its value or worth.

1. If a person borrows money from a lender and then fails to repay the loan, the lender may seize the borrower's property to recover the debt. However, if the value of the seized property exceeds the amount owed, the lender cannot keep the excess amount. This excess amount is considered ultra vires.

2. In a bankruptcy case, if a debtor has assets that are worth more than the amount owed to creditors, the excess amount is considered ultra vires.

The examples illustrate the concept of ultra valorem, where something exceeds its value or worth. In both examples, the excess amount is beyond what is owed or what the property is worth, and therefore cannot be kept by the lender or the debtor. Ultra valorem is an important legal concept that ensures fairness and prevents abuse of power.

ultra reprises | ultra vires compromissi

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
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
LSD+ is ad-free, with DMs, discounts, case briefs & more.