Zev and John Were Neighbours

question 17

True/False

Zev and John were neighbours.Before Zev left on a holiday,he asked John to "keep an eye on his house." While Zev was on holidays,John noticed that Zev's lawn was in need of cutting,and proceeded to cut the lawn.On Zev's return from his holiday,John demanded $10 for cutting the lawn.
-Zev's statement was a request for service,and hence John may claim for his service of cutting of the lawn on the basis of quantum meruit.

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Definitions:

Money Transfers

The process of moving funds from one account or individual to another, through various methods such as electronic transfers, wire transfers, or checks.

Multifactor Productivity

Indicates the ratio of the goods and services produced (outputs) to many or all resources (inputs).

Capital Acquisition

The process of acquiring funds or assets for the purpose of investment or enterprise growth.