Asked by Ashley Bull Calf on Jul 27, 2024
Verified
Quantum meruit and quantum valebant are two legal doctrines which result in essentially similar outcomes.
Quantum Meruit
A legal principle where a party is compensated with a reasonable sum for goods or services provided, even if no contract exists.
Quantum Valebant
A principle in contract law that allows for the recovery of as much as deserved, or the reasonable value of goods or services rendered when no contract price was established.
- Learn about the legal provisions that offer protection against unconscionable contracts and insufficient reciprocal value.
Verified Answer
AB
Andrea ByrnesJul 30, 2024
Final Answer :
True
Explanation :
Both quantum meruit and quantum valebant are legal doctrines used to provide a remedy in cases where no formal contract exists, by allowing a party to recover the reasonable value of goods or services provided. Quantum meruit applies to services rendered, while quantum valebant applies to goods supplied, but both aim to prevent unjust enrichment by compensating the party who provided the goods or services.
Learning Objectives
- Learn about the legal provisions that offer protection against unconscionable contracts and insufficient reciprocal value.