MCS 3040 Lecture Notes - Lecture 8: Canada Pension Plan, Bona Fide Purchaser, Caveat Emptor
18 Apr 2017
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What would happen in this situation: middle of the night hear an awful sound in the basement. Rush to the basement and see that a pipe has burst and flooding the basement: call trusted plumber there in 10 minutes shuts of the fixing pipe, plumber says no problem 5000$ Quantum meruit: quantum meaning amount, meruit meaning what is deserves, being paid a fair market value for the service that had been conducted, a latin phrase meaning what one has earned . In the context of contract law, it means something along the lines of reasonable value of services . Sometimes there may be limiting terms one"s exposure under a contract; limiting one"s liability under a contract. When moving your furniture, moving companies say, they"ll pay you 50 cents for every pound for that furniture that is moved. There has to be a sharing of the risk. Going skiing or snowboarding ski at your own risk.
