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A Recovery in Quasi-Contract Is Based on the Fair Value

question 36

True/False

A recovery in quasi-contract is based on the fair value of the goods or services provided.

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Definitions:

Focal Date

A specific date of interest or importance within a plan, study, or project that serves as a central point of reference.

Economically Equivalent

A term used to describe two or more scenarios that have the same economic impact or value, despite being different in form or structure.

Payments

The transfer of money, goods, or services in exchange for a product or service.

Annum

A Latin word that means "year," often used to denote a period of time equal to one calendar year.

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