In a Quasi-Contract Situation, the Reasonable Value of Services or Goods

question 41

Multiple Choice

In a quasi-contract situation, the reasonable value of services or goods to avoid unjust enrichment are called:

• A) preclusion.
• B) benefits.
• C) quantum meruit.
• D) restitution damages.

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Definitions:

Concept Testing

The process in which a concept statement that describes a product or a service is presented to potential buyers or users to obtain their reactions.

Late Majority

A category of consumers in the diffusion of innovation model who adopt a new product or technology after the average member of a society.

Beta Testing

The second phase of software testing in which a sample of the intended audience uses the product in a real environment to identify defects.

Market Testing

The process of evaluating the viability of a new product or service through controlled experimentation in a specific market segment before a full-scale launch.