Hall v. Hall

The ambiguity inherent in the phrase “for value received” is, to me, readily apparent. “Value received” might mean one dollar, it might mean millions of dollars, it might mean rare paintings, it might mean precious stones, it might mean love and affection, or it might mean personal services performed, to name a few possibilities. Additionally, “for value received” is a generic phrase, preprinted on deeds, in form books, etc. Therefore, how can it be unambiguous when it is universally used in so many different situations to mean so many different things? The possibilities are endless, and the…