Quantum Meruit Is

question 45

Multiple Choice

Quantum meruit is:

• A)the amount of damages assessed by the court and payable to the innocent party in the event of breach of contract.
• B)the court's assessment as to the merit of the arguments presented by the opposing parties to the litigation.
• C)part payment in proportion to the amount of work actually competed pursuant to a contract.
• D)the right to enforce payment of a contract price even where the contract has only been partially performed.

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Definitions:

Common Carrier

An entity that offers transportation services to the public under the license or authority provided by a regulatory body, obligated to serve without discrimination.

Shipping Arrangements

The planning and execution involved in the transportation of goods from one location to another, including modes of transport, routes, and logistics.

Shipping Term

Contractual terms between a seller and buyer indicating the delivery details, responsibility for goods, and the point at which risk transfers from one party to the other during transport.

FOB

An incoterm standing for "Free On Board," indicating that the seller bears delivery costs and risk until the goods are loaded on a vessel at the specified shipment point.