quantum valebant

quantum valebant definition - legal

Latin

  1. The reasonable worth of goods or services, used to compute fair and reasonable damages; the market value.
  2. A common-law action of assumpsit for items sold and delivered, in order to recover proper and appropriate payment for same.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.