Question
Download Solution PDFMatch List I with List II:
List I - Legal Latin Phrase | List II - Description | ||
(A) | Consensus ad idem | (I) | Something in return |
(B) | Quid pro quo | (II) | As much as earned |
(C) | Quantum meruit | (III) | Buyer beware |
(D) | Caveate emptor | (IV) | Meeting of minds |
Choose the correct answer from the options given below:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
List I | Legal Latin Phrase | List II | Description |
(A) | Consensus ad idem | (IV) | Meeting of minds |
(B) | Quid pro quo | (I) | Something in return |
(C) | Quantum meruit | (II) | As much as earned |
(D) | Caveate emptor | (III) | Buyer beware |
Consensus ad idem is an agreement between the parties to a contract that they understand the meaning of the contract and wish to enter into it. Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party.
Caveat emptor: The doctrine of caveat emptor is an integral part of the 1930 Sale of Goods Act, which translates as "let the buyer beware."
Quid pro quo describes an agreement between two or more parties in which there is a mutual exchange of goods or services. Quid pro quo means "something given or received for something else."
Quantum meruit is a doctrine that states that there is a derivative promise to pay a reasonable amount for work performed and materials provided, even in the absence of a lawful, enforceable agreement between the parties. Quantum meruit means "the amount one deserves" or "as much as one has earned".
Last updated on Jun 6, 2025
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