Which of the Following Statements Is True in Relation to the Equitable

question 21

Multiple Choice

Which of the following statements is true in relation to the equitable remedy of quantum meruit?

• A)Quantum meruit literally means 'the quantity or quality you have acquired'.
• B)People have the right to be paid a reasonable amount for goods or services they have provided to someone.
• C)The remedy is most likely where one party has breached a contract involving a precise sum of money.
• D)All of the above.
• E)A and B only.

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Definitions:

Revenue Function

is a mathematical representation that shows how revenue changes in response to changes in sales volumes, prices, or other influencing factors.

Costs

The monetary value spent or required to buy, produce, accomplish, or maintain something.

Environmental Regulations

Rules and standards set by authorities to control the impact of human activities on the environment.

Utilities

Essential services provided by public and private sectors such as water, electricity, gas, and sewer services.