Sentences with phrase «accepted legal equivalent»

Most states mandate motorcycle liability coverage or it's accepted legal equivalent.

Not exact matches

Is clicking «OK» on a web site the equivalent of a signature, or just an act of assenting with legal effect, e.g. to accept an offer to contract?

In some environments, it operates like «real» currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction...... Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as «convertible» virtual currency.