Also known as: quotations · quot. · quote · cite · excerpt
Written by attorneys · grounded in primary & secondary sources — see below
2 senses
A statement or passage exactly reproduced from a speaker or writer and attributed to that source. Deliberate alteration of such a quotation attributed to a public figure can constitute knowledge of falsity and thus actual malice if the alteration results in a material change in the meaning conveyed by the statement.
A statement or passage exactly reproduced from a speaker or writer and attributed to that source. Deliberate alteration of such a quotation attributed to a public figure can constitute knowledge of falsity and thus actual malice if the alteration results in a material change in the meaning conveyed by the statement.
Select any source to read its text and confirm it supports the definition.
An estimate or stated price for goods, services, or securities. Market quotations, lists, directories, or other compilations that are generally relied on by the public or by persons in particular occupations qualify as an exception to the hearsay rule.
Select any source to read its text and confirm it supports the definition.
An estimate or stated price for goods, services, or securities. Market quotations, lists, directories, or other compilations that are generally relied on by the public or by persons in particular occupations qualify as an exception to the hearsay rule.
Each sense below has its own examples, sources, and questions.
Reporter Quincy Quan interviewed public official Quest Quail about a policy decision. Quan deliberately changed the wording in the published quotation to reverse the official's stated position on funding cuts. The alteration created a materially different meaning from Quail's actual words. Quail sued for defamation, and the court found the change sufficient to show actual malice.
Deliberate alteration of a quotation attributed to a public figure constitutes actual malice only if the change produces a material difference in meaning. Trivial or insubstantial edits do not suffice. The plaintiff must prove the published version is not a substantially accurate representation of the original statement.
Supporting sources
Quokka Apparel defaulted on a loan secured by inventory. The secured party disposed of the collateral at a private sale after obtaining a current market quotation for similar apparel. The quotation established the customary price on a recognized market. The disposition discharged subordinate liens under the UCC.
Quasar Technologies offered a published stock exchange quotation to prove the value of shares at the time of a disputed transfer. The quotation came from a compilation generally relied upon by investors and traders. The court admitted the evidence under the market reports exception to hearsay. The quotation helped establish damages without requiring live testimony from an exchange official.
Quentin Quarles sued a supplier for breach after a disputed shipment price. He offered published trade-directory quotations showing the customary market price for the goods. The quotations came from a compilation generally relied on by merchants in that industry. The court admitted them under the market-reports hearsay exception to prove damages.
Quickstep Finance repossessed and sold a fleet of vehicles at private sale. It obtained current published price quotations for comparable models on a recognized dealer market. The quotations confirmed the vehicles were of a kind customarily sold on that market. The court upheld the disposition and discharge of liens under the UCC.
Quade Quincy offered a published securities exchange quotation to establish share value at the time of a disputed transfer. The quotation originated from a compilation generally relied upon by investors. The court admitted the evidence under the market-reports exception to hearsay. The quotation supported the damages calculation without live exchange testimony.
Market quotations from compilations generally relied upon by the public or by persons in particular occupations are admissible under a hearsay exception. They may prove value or price without additional foundation when the compilation meets the reliability standard.
Supporting sources
A price quotation can establish that collateral is of a kind customarily sold on a recognized market. This supports a private disposition and the discharge of subordinate liens under the UCC.
Supporting sources
…the decisions of the local tribunals. As the majority opinion shows, by its reference to Mr. Warren’s researches and the first quotation from Mr. Justice Holmes, that this Court is now of the view that “laws” includes “decisions,” it is unnecessary to go further and declare that the “course pursued” was “unconstitutional,”…