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Value received
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Value receivedThis phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it.
RELATED TERMS--------------------------------------
Employed
One who is in the service of another. Such a person is entitled to rights and liable to.perform certain duties.
Bill
1) Legislation. An instrument drawn or presented by a member or committee to a legislative body for its approbation and enactment. After it has gone through both houses and received the constitutional sanction of the chief magistrate, where such approbation is requisite, it becomes a law. 2) Merchant law. An account containing the items of goods sold, or of work done by one person against another. 3) Contracts. A bill or obligation, is a deed whereby the obligor acknowledges himself to owe unto the obligee a certain sum of money or some other thing, in which, besides the names of the parties, are to be considered the sum or thing due, the time, place, and manner of payment or delivery thereof. It may be indented, or poll, and with or without a penalty.
Note
Estates, convention, practice. The fourth part of a fine of lands: it is an abstract of the writ of covenant and concord, and is only a, doequet taken by the chirographer, from which he draws up the indenture. It is sometimes taken in the old books for the concord.
Consideration
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other". Common law did not want to allow gratuitous offers, those made without anything offered in exchange (such as gifts), to be given the protection of contract law. So they added the criteria of consideration. Consideration is not required in contracts made in civil law systems and many common law states have adopted laws which remove consideration as a prerequisite of a valid contract.
SIMILAR TERMS--------------------------------------
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Valuation process
A systematic procedure employed to provide the answer to a client's question about real property value.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
PREVIOUS AND NEXT TERMS--------------------------------------
Valid
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law.
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Valuation process
A systematic procedure employed to provide the answer to a client's question about real property value.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Value received
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
Vassal
Feudal law. This was the name given to the holder of a fief, bound to perform feudal service; this word was then always correlative to that of lord, entitled to such service.
Vectigalia
Among the Romans this word signified duties which were paid to the prince for the importation and exportation of certain merchandise. They differed from tribute, which was a tax paid by each individual .
Vehicle
Any thing that is designed to transport persons or objects. A bicycle has been held to be a vehicle.
RELATED TERMS--------------------------------------
Employed
One who is in the service of another. Such a person is entitled to rights and liable to.perform certain duties.
Bill
1) Legislation. An instrument drawn or presented by a member or committee to a legislative body for its approbation and enactment. After it has gone through both houses and received the constitutional sanction of the chief magistrate, where such approbation is requisite, it becomes a law. 2) Merchant law. An account containing the items of goods sold, or of work done by one person against another. 3) Contracts. A bill or obligation, is a deed whereby the obligor acknowledges himself to owe unto the obligee a certain sum of money or some other thing, in which, besides the names of the parties, are to be considered the sum or thing due, the time, place, and manner of payment or delivery thereof. It may be indented, or poll, and with or without a penalty.
Note
Estates, convention, practice. The fourth part of a fine of lands: it is an abstract of the writ of covenant and concord, and is only a, doequet taken by the chirographer, from which he draws up the indenture. It is sometimes taken in the old books for the concord.
Consideration
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other". Common law did not want to allow gratuitous offers, those made without anything offered in exchange (such as gifts), to be given the protection of contract law. So they added the criteria of consideration. Consideration is not required in contracts made in civil law systems and many common law states have adopted laws which remove consideration as a prerequisite of a valid contract.
SIMILAR TERMS--------------------------------------
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Valuation process
A systematic procedure employed to provide the answer to a client's question about real property value.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
PREVIOUS AND NEXT TERMS--------------------------------------
Valid
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law.
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Valuation process
A systematic procedure employed to provide the answer to a client's question about real property value.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Value received
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
Vassal
Feudal law. This was the name given to the holder of a fief, bound to perform feudal service; this word was then always correlative to that of lord, entitled to such service.
Vectigalia
Among the Romans this word signified duties which were paid to the prince for the importation and exportation of certain merchandise. They differed from tribute, which was a tax paid by each individual .
Vehicle
Any thing that is designed to transport persons or objects. A bicycle has been held to be a vehicle.
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This dictionary contains 8526 terms.
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