contracts. An equivalent for a thing purchased. A necessary requirement for the making of a valid and binding contract, in addition to an offer and an acceptance. Law Dictionary - Alternative Legal Definition The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a … [Read more...] about VALUABLE CONSIDERATION
V
VALE
In Spanish law. A promissory note. White, New Recop. b. 3, tit. 7, c. 5, … [Read more...] about VALE
VALUATION
(A) An appraisal given by an expert, an assessment, an expert opinion regarding the market value of an asset, property, real estate or a business. (B) The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing. 2. It differs from price, which does not always afford a true criterion of value, for a thing may be bought very dear or very cheap. In some … [Read more...] about VALUATION
VALEC, VALEOT, OR VADELET
In old English law. A young gentleman; also a servitor or gentleman of the chamber. Cowell. … [Read more...] about VALEC, VALEOT, OR VADELET
VALUATION LIST
In English law. A list of all the ratable hereditaments in a parish, showing the names of the occupier, the owner, the property, the extent of the property, the gross estimated rental, and the ratable value; prepared by the overseers of each parish in a union under section 14 of the union assessment committee act, 1862, (St. 25 A 26 Vict c 103,) for the purposes of the poor … [Read more...] about VALUATION LIST