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Definition of "quantum valebant"


Term or phrase Literal translation Definition and use
quantum valebant as much as they were worth Under Common Law, i.e. a remedy to compute reasonable damages when a contract has been breached—the implied promise of payment of a reasonable price for goods. In contract law, for requirements of consideration, reasonable worth for goods delivered. Usage: quantum meruit has replaced quantum valebant in consideration; in the case of contract remedy, quantum valebant is being used less, and could be considered to be obsolete.
 
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