Question
Easy
A principle which entitles the promissor to get compensation for the work done :
1
Quantum Meruit
2
Consideration
3
Performance
4
Implied Contracts
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 3
Chapter: Business Services and Emerging Modes
Topic: Social Responsibility of Business
Correct Answer
Option A
Explanation
The correct option is 1: The principle which entitles a person (the promisor) to recover a reasonable sum for the services already rendered, despite the absence of an enforceable express contract, is known as Quantum Meruit. This Latin phrase literally translates to "as much as one has earned" or "as much as one deserves." It is a fundamental concept under Quasi-Contracts or the law of restitution, designed to prevent the…Read More
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