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Simple English definitions for legal terms
valeat quantum
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A quick definition of valeat quantum:
Term: VALEAT QUANTUM
Definition: Valeat quantum is a Latin phrase that means "for as much as it is worth." This term was commonly used in legal contexts in the past to indicate that something should be valued only for its actual worth or value, and not for any other factors or considerations. In simpler terms, it means that something should be valued based on its true value and not on any other factors that may influence its perceived value.
A more thorough explanation:
VALEAT QUANTUM
Valeat quantum is a Latin term used in law that means "for as much as it is worth."
1. A person sells a used car to another person and says, "I am selling this car as is, valeat quantum." This means that the buyer is purchasing the car in its current condition and the seller is not responsible for any issues that may arise after the sale.
2. In a legal settlement, one party agrees to pay the other party a certain amount of money, valeat quantum. This means that the payment is only for the amount agreed upon and does not include any additional compensation or damages.
The term valeat quantum is used to indicate that something is only worth what it is currently valued at, and nothing more. In the examples given, the term is used to clarify the terms of a sale and a legal settlement. In both cases, the parties involved are agreeing that the item or payment is only worth what is currently being offered, and nothing more.