Legal Question in Civil Litigation in Oklahoma
Contracts
I need clear examples of ''Quantum Velebant''.
1 Answer from Attorneys
Re: Contracts
Quantum valebant is a latin term used in the legal professional. It usually refers to actual worth of, or reasonable value for goods and materials and it is used to account for assumpsit actions. This term also refers to the any recovery payments for any goods sold to another party as an equitable remedy or to provide restitution for another's unjust enrichment.
Another term is quantum meruit. Term is a latin term for as much as he has deserved. This term is most often used and it is associated with reasonable value of services; damages awarded in an amount considered reasonable to compensate a person who have rendered services in a quasi-contractual relationship. Or to claim a right of action for the reasonable value of "services" rendered.
When we refer to goods, material and services we must use the correct designation of terms. You did not refer to any of these terms so it is difficult to provide a precise example. However, I hope this helps.