Also known as: valors · value
Written by attorneys · grounded in primary & secondary sources — see below
A historical term for the value, worth, or valuation of property or goods.
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Vera Vu defaulted on her mortgage to Vanguard Bank in the nineteenth century. The bank initiated judicial foreclosure to terminate her equity of redemption and obtain the property based on its current valor. The court confirmed the sale price reflected the property's valor after proper notice to all parties.
Virgil Vaughn sued for damages exceeding twenty dollars in a contract action under early American practice. He demanded a jury trial because the valor in controversy surpassed the threshold. The court preserved the jury's fact-finding on the amount of the claim.
Vaughn Valentine testified as a defendant in a criminal trial under older evidence rules. The prosecution sought to introduce his prior felony conviction because its probative valor on credibility outweighed prejudicial effect to him. The court admitted the evidence after balancing the factors.
Vito Villarreal's counsel learned of documents showing the true valor of disputed assets in a nineteenth-century matter. The lawyer instructed an assistant to destroy the records to obstruct the opposing party's access. The court sanctioned the attorney for violating the ethical prohibition.
Venture Holdings failed to deliver goods whose valor formed the core of the contract in an early common-law dispute. The buyer treated the breach as total because it substantially impaired the contract's remaining value. The court permitted recovery of damages based on all remaining rights to performance.
Valerie Viera remained in possession after her lease ended without the landlord's consent under historical property rules. The landlord sought recovery for use and occupation measured by the prior rental rate or the property's reasonable valor. The court awarded damages at the established rate for the holdover period.
It refers to the value, worth, or valuation of property or goods, often appearing in older authorities discussing ad valorem assessments or property worth.
Supporting sources
…an action of detinue would be a specific legal remedy for the commission. The judgment in detinue is for the thing itself or its value. The value of a public office not to be sold is incapable of being ascertained; the applicant has a right to the office itself or to nothing. He will obtain the office by obtaining the…