New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    When there is a breach of contract, the party which has

    performed a part of his obligation, is entitled to recover value of what has been done by him. This remedy is known as:
    A Compensation for mental anguish Correct Answer Incorrect Answer
    B Damages Correct Answer Incorrect Answer
    C Specific performance Correct Answer Incorrect Answer
    D Quantum meruit Correct Answer Incorrect Answer

    Solution

    This is a Latin Phrase related to the Indian Contract Act which means as much as he has earned. Further, it provides that even if there is no contract between the parties this law implies a promise to pay a reasonable amount for the labour and material provided. Such circumstances wherein someone gets a benefit while the other party gets nothing or the benefit or enrichment which one party receives as a result of the other party’s actions. Therefore, the party who has received the services is unjustly benefited and must return it to the party who provided that.

    Practice Next