Asked by
Brooklyn Brewer
on Nov 21, 2024
Verified
Which of the following is the most likely measure of recovery when a quasi-contract is involved?
A) The amount set forth in the contract.
B) The fair market value of the matter involved.
C) The wholesale price of any good involved.
D) The amount sought by the plaintiff in the Complaint.
E) Damages will be computed the same way as they are computed for any other contract.
Fair Market Value
The amount for which a property would be sold in an open market transaction, involving a ready seller and a ready buyer, both possessing adequate awareness of the pertinent details.
Recovery
The action of regaining possession or obtaining compensation for a loss.
- Examine the consequences of contract breaches and the available remedies.
Verified Answer
MM
Learning Objectives
- Examine the consequences of contract breaches and the available remedies.