The true value of something is its actual worth or price, whether it is determined by its selling price or its usefulness to individuals. It is also known as fair market value, which is the price that a buyer is willing to pay and a seller is willing to accept in a transparent and equitable transaction. True value can be influenced by factors such as supply and demand, the condition of the item, and the perspectives of buyers and sellers.
The true value of an item is determined by the agreement between the buyer and seller in a fair market transaction. It is the price that both parties are willing to accept and pay, taking into account the supply and demand of the item. For example, a house listed for sale at $300,000 may be negotiated down to $280,000, which becomes the true value of the house. Similarly, a car offered for $25,000 may be purchased for $22,000, making $22,000 the true value of the car. These instances demonstrate how the true value of an item is established through the intersection of supply and demand in an open and arm’s-length transaction.
Yes, True Value is a cooperative of independently owned and operated hardware stores. Each store is individually owned and operated, but they are part of the True Value cooperative.
Yes, True Value has a return policy that allows customers to return products within a specified time frame, usually 30 days, as long as the product is in its original condition and accompanied by a receipt.
True Value does not offer warranties on products directly, as warranties are typically provided by the manufacturers. However, True Value can assist customers in contacting the manufacturer for warranty claims or provide information on the manufacturer’s warranty policy.
True Value, as a retailer, may not be directly liable for injuries caused by a product. However, if the product was defective or dangerous, you may have a product liability claim against the manufacturer or distributor. It is advisable to consult with a personal injury attorney to evaluate your case.
No, using True Value’s logo or trademark without permission would likely infringe on their intellectual property rights. It is best to seek legal advice and obtain proper authorization before using any company’s logo or trademark.
True Value operates as a cooperative, and opening a store would require becoming a member of the cooperative. The process and requirements for becoming a member and opening a store may vary, so it is recommended to contact True Value directly for more information.
True Value is a cooperative and does not have publicly traded stock. Ownership of True Value is limited to its member stores, and shares are not available for individual investors to purchase.
Yes, if you have experienced poor customer service at a True Value store, you can file a complaint with the store’s management or contact True Value’s customer service department. They will address your concerns and work towards resolving the issue.
True Value has the right to terminate a store’s membership if the store fails to meet certain obligations or violates the terms of the membership agreement. However, the specific circumstances and grounds for termination would depend on the details outlined in the membership agreement.
Using True Value’s website content or images without permission may infringe on their copyright or intellectual property rights. It is advisable to seek proper authorization or use alternative sources for website content and images.
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: 17th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/true-value/
- Modern Language Association (MLA):True Value. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/true-value/.
- Chicago Manual of Style (CMS):True Value. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/true-value/ (accessed: May 09 2024).
- American Psychological Association (APA):True Value. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/true-value/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts