Asked by
Karina Velazquezamaya
on Nov 11, 2024
Verified
Quantum meruit is a benefit or a detriment flowing between the parties to an agreement as the result of the striking of a bargain.
Quantum Meruit
A legal principle that determines the amount to be paid for services when no contract exists or when contractual terms are ambiguous.
Agreement
A mutual understanding or arrangement between two or more parties, detailing the terms and conditions for their particular course of action.
- Understand the basic principles of offer, acceptance, and consideration in the creation of contracts.
- Understand the legal implications of the quantum meruit principle when breaches of contract occur.
Verified Answer
JW
Learning Objectives
- Understand the basic principles of offer, acceptance, and consideration in the creation of contracts.
- Understand the legal implications of the quantum meruit principle when breaches of contract occur.