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Jul 20, 2023 · According to Black’s Law Dictionary, quid pro quo is “an action or thing that is exchanged for another action or thing of more less equal value; a substitute.”
Oct 25, 2019 · The whole idea of a "quid pro quo" is so fundamental to the human experience that we have all kinds of ways to say it. Here, a look at how our understanding of "quid pro quo" has changed...
Apr 24, 2024 · In business, the term quid pro quo signifies an agreed-upon exchange of goods, services, or other benefits of equal or comparable value. Likewise, in politics, a quid pro quo denotes an exchange of benefits, wherein at least one of the parties has agreed to exercise political authority or influence (or to forbear such exercise or influence) on ...
Nov 25, 2019 · In Latin, the phrase means literally “what for what”, or “something for something” ( quid being short for aliquid, or “something”). One issue with quid pro quo is that the sense in ...
May 20, 2019 · What does quid pro quo mean? Quid pro quo is a Latin phrase that literally means “something for something,” or “this for that.” We use the phrase to signify an exchange of goods, services, favors, or any other kind of value. When we’re talking about multiple exchanges, we can say quid pro quos.
Feb 12, 2024 · The expression "quid pro quo," Latin for "something for something," is used to describe when two parties engage in a mutual agreement to exchange goods or services.
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In common law, quid pro quo indicates that an item or a service has been traded in return for something of value, usually when the propriety or equity of the transaction is in question. A contract must involve consideration: that is, the exchange of something of value for something else of value.
