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Dear sir,
I’m confused about these two terms. I read the text book, the explanation of these two are:-
quantum meruit: restore ….if the contract never been made;
reliance interest: restore….if they have had not relied on the contract;Is there any difference between them?
thank you!
I’ve never heard the expression “reliance interest”!
Quantum meruit literally translates from the Latin “for as much as it’s worth”
“Restitutio in integrum” means “restore in full” (is this your “reliance interest”)
Does that help at all?
thank you!
This is a MCQ of BPP revision kit as follows:
In relation to the award of damages in contract law, which of the following describes damages paid to protect the claimant’s reliance interest?
A What is needed to put the claimant into the position they would have been in if the contract had been performed
B What is needed to put the claimant into the position they would have been in if they had not relied on the contract
C What is needed to recover the price of goods or services provided under the contractSince I have learned express interest & quantum meruit, but due to this MCQ I checked the BPP text book and found the explanation of ‘reliance interest’ as above, but confused.
The answer is A
You can read something about it on
http://Www.bepress.com/assets/fuller1.pdf
Hope that helps
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