Asked by Affan A-One on May 19, 2024
Verified
When one party performs an action to the benefit of the other, even if a contract has not been effectively made, a court may rule that the performing party was entitled to recoup the reasonable value of the services rendered under:
A) an express contract.
B) quantum meruit.
C) promissory estoppel.
D) Article 2 of the UCC.
Quantum Meruit
Quantum meruit is a legal principle allowing a party to recover the reasonable value of services provided, even in the absence of a formal contract.
Promissory Estoppel
A legal doctrine preventing a person from going back on a promise, even if it was made without formal consideration, when others have relied on that promise to their detriment.
- Recognize the components of consideration within contract law and understand their importance in the formation of contracts.
Verified Answer
HC
Haley CollinsMay 22, 2024
Final Answer :
B
Explanation :
Quantum meruit is a legal principle that allows a party to recover the reasonable value of services provided when no formal contract exists, but where services were rendered under circumstances where payment is expected. It is used to prevent unjust enrichment.
Learning Objectives
- Recognize the components of consideration within contract law and understand their importance in the formation of contracts.
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