Tag: remedies for breach of contract

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Multiple choice commerce discharge and breach of a contract remedies for breach of contract performance, discharge, breach and remedies of contract business law and contract act

The phase 'Quantum Meruit' Literally means:

  1. As soon as possible

  2. As much as is earned

  3. According to merit

  4. Quantity of goods
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B Correct answer
Explanation

Quantum Meruit is a Latin legal phrase that literally translates to as much as is earned or deserved. It is commonly applied in contract law to allow a party to recover the reasonable value of services rendered when no precise contract price was established.