Nominal refers to something that exists in name only, lacking substance or reality. For instance, a king without any actual authority is considered a nominal figurehead. It can also pertain to a price or quantity that is significantly smaller than anticipated. Additionally, nominal can describe something that is associated with a name or term. For example, the lamp was sold for a nominal price of ten cents, indicating it was sold for a minimal amount of money. The adverb form of nominal is nominally.
Nominal is an adjective that has several meanings. First, it can describe something that exists in name only, lacking real power or authority. For instance, a CEO who is merely a nominal leader because all important decisions are made by the board. Second, it can refer to something small or insignificant, especially when compared to what was anticipated. For example, if the rent is significantly lower than the market rate, it can be considered nominal. Lastly, nominal can also describe something that is related to a name or term rather than the actual thing it represents. For instance, the nominal value of a company’s assets may be much higher than their actual worth. The given examples demonstrate how nominal can be used to describe something that is only in name, something that is smaller or less significant than expected, or something that is related to a name or term rather than the actual thing it represents.
In legal terms, “nominal” refers to something that is existing in name only, without any significant or substantial value or effect.
Yes, a nominal fee can be charged for a legal service. It is a small fee that is usually symbolic or token in nature, representing a gesture of payment rather than reflecting the actual value of the service provided.
Yes, a nominal party can be involved in a legal case. A nominal party is someone who is included in a lawsuit or legal proceeding for the sake of formality or to fulfill a legal requirement, but who does not have a substantial interest or stake in the outcome of the case.
Yes, a nominal damages claim can be made in a lawsuit. Nominal damages are a small amount of money awarded to a plaintiff when they have suffered a legal wrong, but the actual harm or loss suffered is minimal or difficult to quantify.
Yes, a nominal consideration can be used in a contract. Nominal consideration refers to a small or token amount of money or value exchanged between parties to make a contract legally enforceable, even if the actual value of the consideration is significantly less than what is being exchanged.
Yes, a nominal party can have legal rights and obligations. While their involvement in a legal case may be minimal, they still have the right to be heard and present their arguments, and they may also have certain legal obligations to fulfill during the proceedings.
Yes, a nominal defendant can be held liable for damages. Even if they are only included in the lawsuit for formal reasons, if the court finds them responsible for the harm or loss suffered by the plaintiff, they can be held liable and required to pay damages.
Yes, a nominal fee can be waived in certain circumstances. Depending on the specific situation and the discretion of the legal professional or institution, they may choose to waive the nominal fee as a gesture of goodwill or to accommodate the financial circumstances of the client.
Yes, a nominal party can be dismissed from a legal case. If it is determined that their involvement is unnecessary or irrelevant to the main issues of the case, the court may dismiss them from the proceedings.
Yes, a nominal consideration can be challenged as inadequate in a contract. If one party believes that the nominal consideration is significantly disproportionate to the value of what is being exchanged, they may argue that the contract is unenforceable due to lack of consideration.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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