If a Contract Price Is Not Stated in a Professional

question 51

True/False

If a contract price is not stated in a professional services contract,the principle of quantum meruit will be deemed to be inapplicable.

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Definitions:

Foreign Corrupt Practices Act

A United States law that prohibits American companies and individuals from bribing foreign government officials to benefit their business operations.

International Anti-Dumping

Measures and agreements designed to prevent companies from exporting goods at prices lower than their home market prices, which can harm the importing country's industries.

Fair Competition Act

Legislation aimed at ensuring a level playing field among businesses by preventing monopolies and promoting healthy competition.

Traditions

Customs or beliefs passed from generation to generation, often forming an integral part of a culture or community identity.