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practice questions-contract law

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › practice questions-contract law

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by MikeLittle.
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  • February 10, 2019 at 12:50 pm #504629
    lauramoreno
    Member
    • Topics: 28
    • Replies: 18
    • ☆

    In the practice questions at the end of ‘Contract Law’, question 2 says:

    which of the following is an equitable remedy?
    1. damages
    2. quantum meruit
    3. injuction
    4. action for price

    The correct answer is 4, but in the notes says that injuction is an equitable remedy. is that correct? Also can you explain ‘Quantum meruit’? as i can’t remember seeing it in the notes.

    February 10, 2019 at 6:28 pm #504653
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22828
    • ☆☆☆☆☆

    No, the answer is incorrect – the CORRECT answer is “injunction”

    I’ll get it corrected and thank you for pointing it out

    Quantum meruit literally means ‘for as much as it’s worth’

    In a situation where we have substantial (but not complete) performance, the Court may grant an award of quantum meruit – so ordering payment for as much as the incomplete performance is worth

    OK?

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