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  2. Quid pro quo - Wikipedia

    en.wikipedia.org/wiki/Quid_pro_quo

    Antichristus, [1] a woodcut by Lucas Cranach the Elder of the pope using the temporal power to grant authority to a ruler contributing generously to the Catholic Church. Quid pro quo (Latin: "something for something" [2]) is a Latin phrase used in English to mean an exchange of goods or services, in which one transfer is contingent upon the other; "a favor for a favor".

  3. Consideration in English law - Wikipedia

    en.wikipedia.org/wiki/Consideration_in_English_law

    Consideration is an English common law concept within the law of contract, and is a necessity for simple contracts (but not for special contracts by deed).The concept of consideration has been adopted by other common law jurisdictions, including in the United States.

  4. List of Latin legal terms - Wikipedia

    en.wikipedia.org/wiki/List_of_Latin_legal_terms

    An argument derived before an event, without needing to have the knowledge about the event. Deductive reasoning from general principles. / ˌ eɪ p r aɪ oʊ r aɪ / a quo: from which Regarding a court below in an appeal, either a court of first instance or an appellate court, known as the court a quo. / ˌ eɪ ˈ k w oʊ / ab extra: from outside

  5. Real Estate Definitions Every Seller Should Know - AOL

    www.aol.com/news/2010-09-14-terms-every-seller...

    Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...

  6. What is quid pro quo and does it matter? - AOL

    www.aol.com/news/is-a-quid-pro-quo-necessary-for...

    Quid pro quo is a common strategy in foreign relations “Quid pro quo just means ‘this for that.’ It’s an exchange, and it is a feature of all commerce. The Latin term only sounds sinister ...

  7. Australian contract law - Wikipedia

    en.wikipedia.org/wiki/Australian_contract_law

    Bargain theory is an important part of how contract law is understood; quid pro quo, is understood to be an essential element. [3] [4] The law of equity plays an important role in Australian contracts, and will affect which remedies may be available when a contractual promise is breached.

  8. Theories of taxation - Wikipedia

    en.wikipedia.org/wiki/Theories_of_taxation

    The ability-to-pay approach treats government revenue and expenditures separately. Taxes are based on taxpayers’ ability to pay; there is no quid pro quo. Taxes paid are seen as a sacrifice by taxpayers, which raises the issues of what the sacrifice of each taxpayer should be and how it should be measured:

  9. Usufruct - Wikipedia

    en.wikipedia.org/wiki/Usufruct

    Usufruct, in short, differs qualitatively from the quid pro quo of reciprocity, exchange, and mutual aid — all of which are trapped within history's demeaning account books with their "just" ratios and their "honest" balance sheets.