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Legal Definitions - nunc valent et quantum valuerunt tempore pacis
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Definition of nunc valent et quantum valuerunt tempore pacis
nunc valent et quantum valuerunt tempore pacis
In Scots law, this phrase refers to the value of lands at present and their value during times of peace. It was used in an inquest to determine the value of lands for taxation purposes.
An example of the use of this phrase would be in an inquiry to determine the value of a piece of land for taxation purposes. The inquiry would look at the current value of the land and compare it to its value during times of peace to determine its overall worth.
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Simple Definition
Term: nunc valent et quantum valuerunt tempore pacis
Definition: In Scots law, this phrase refers to the value of lands or properties at present and their value during times of peace. It was used in the past to determine the value of lands for taxation purposes. Essentially, it means figuring out how much a property is worth now and how much it would be worth if there were no conflicts or wars happening.
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