Equivalent - Law Dictionary Search Results
Home Dictionary Name: equivalentequivalent
equivalent : something that performs substantially the same function as another thing in substantially the same way compare aggregation, combination, invention NOTE: Under patent law, a patentee may bring a claim for infringement against the inventor of an equivalent. ...
Equivalence
The condition of being equivalent or equal equality of worth value signification or force as an equivalence of definitions...
Equivalent post
Equivalent post, the true criterion for equivalence is the status and the nature and responsibility of the duties attached to the two posts. Although the two posts of Principal and Reader are carried, on the same scale of pay, the post of Principal undoubt-edly has higher duties and responsibilities, Vice Chancellor L.N. Mithila University v. Dayanand Jha, AIR 1986 SC 1200 (1202): (1986) 3 SCC 7. [Bihar State Universities Act, 1976, s. 10(14)]...
reasonably equivalent value
reasonably equivalent value : value that is a fair amount for property transferred by a debtor esp. in bankruptcy and that is not therefore evidence of a fraudulent conveyance see also fair consideration at consideration ...
Equivalency
Same as Equivalence...
Equivalent
Equivalent, 1. Equal in value, force, amount, effect or significance; 2. corresponding in effect or function; nearly equal; virtually identical, Black's Law Dictionary, 7th Edn....
Compensation
Compensation, according to dictionary it means, 'compensating or being compensated; thing given as recompense;'. In legal sense it may constitute actual loss or expected loss and may extend to physical mental or even emotional suffering, insult or injury or loss, Ghaziabad Development Authority v. Balbir Singh, (2004) 5 SCC 65 (75): AIR 2004 SC 2141.--Making things equivalent, satisfying or making amends, a reward for the apprehension of criminals; also that equivalent in money which is paid to the owners and occupiers of lands taken or injuriously affected for public purposes and under Act of Parliament, e.g., the (English) Lands Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 18), but where the land is acquired compulsorily by a Government Department or any local or Public Authority the compensation is regulated by the (English) Acquisition of Land (Assessment of Compensation) Act, 1919 (9 & 10 Geo. 5, c. 57) and Rules of 1919, and see Housing Act, 1936, ss. 40 and 42 and Schedules, ...
Erg
The unit of work or energy in the C G S system being the amount of work done by a dyne working through a distance of one centimeter the amount of energy expended in moving a body one centimeter against a force of one dyne 981 dynes exert the same force as a one gram mass in the earths gravitational field One foot pound is equal to 13560000 ergs The absolute Joule is equivalent to 107 ergs which are equivalent to 02389 gram calories at 15deg C See also mechanical equivalent of heat under equivalent...
Valuation
Valuation, is a process which does not end on marks being awarded by an examiner, Sanjay Singh v. U.P. Public Service Commission, (2007) 3 SCC 720.Means the act or process of valuing, Jensen v. Jensen, 458 NW 2d 391 (1990).This term is generally applied to the equivalent in money of any kind of property. Thus for the payment of estate duty, a valuation of property of all kinds has to be made. Perhaps the most important and the most difficult valuation is that of land. This has almost invariably to be undertaken whenever land is compulsorily acquired. The difficulties that surround this question were fully considered in the case of Re Lucas and Chesterfield Gas and Water Board, (1909) 1 KB 16, in which Lord Justice Moulton in the course of his judgment said (at p. 29):-'The principles upon which compensation is assessed when land is taken under compulsory powers are well-settled. The owner receives for the lands he gives up their equivalent-that is, that which they are worth to him in m...
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...
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