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Home Questions M8QWEEUN39
Target Exam

CUET

Subject

Legal Studies

Chapter

Legal Maxims

Question:

The concept of consideration is based on the Latin maxim:

Options:

Caveat emptor

Audi alterem partum

Quid Pro Quo

Ubi jus Ibi remedium

Correct Answer:

Quid Pro Quo

Explanation:

The correct answer is Option (3) → Quid Pro Quo

Quid Pro Quo translates to "something for something." This means that for a contract to be valid, there must be a mutual exchange of benefits between the parties involved. In other words, each party must promise to give or do something of value to the other party.

Here's a brief explanation of the other options:

  • Caveat emptor: This means "let the buyer beware." It implies that the buyer is responsible for inspecting goods before purchase and assumes the risk of any defects.
  • Audi alterem partum: This means "hear the other side." It emphasizes the importance of fairness and impartiality in legal proceedings.
  • Ubi jus Ibi remedium: This means "where there is a right, there is a remedy." It signifies the principle that for every legal wrong, there is a corresponding legal remedy.

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