actio quanti minoris

actio quanti minoris
originally a remedy in Roman law granted to the aedile (a magistrate with jurisdiction over markets) when a latent defect appeared that had not been revealed to the buyer, allowing the buyer (within a year) to seek the difference between the price paid and the value. Liability was strict. In late Roman law it applied even to land. It is still discussed in civilian jurisdictions to this day. The Sale of Goods Act 1979 (amended in 1994) prevailing in the UK provides a general right to retain the property and claim damages for the difference in value in respect of goods that disconform to the contract, including its statutorily implied terms.
The position in Scotland in relation to land has been clarified by the Contracts (Scotland) Act 1997, which provides that it is not necessary to rescind before being able to claim damages.

Collins dictionary of law. . 2001.

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Look at other dictionaries:

  • actio quanti minoris — A civil law action by the vendee on an implied warranty of quality wherein he claimed a reduction in the price corresponding with the lower value caused by the defect …   Ballentine's law dictionary

  • actio aestimatoria; actio quanti minoris — /aekshiyow iystamatoriya aekshiyow kwontay manoras/ In the criminal law, two names of an action which lay in behalf of a buyer to reduce the contract price proportionately to the defects of the object, not to cancel the sale; the judex had power …   Black's law dictionary

  • actio aestimatoria; actio quanti minoris — /aekshiyow iystamatoriya aekshiyow kwontay manoras/ In the criminal law, two names of an action which lay in behalf of a buyer to reduce the contract price proportionately to the defects of the object, not to cancel the sale; the judex had power …   Black's law dictionary

  • Actio redhibitoria — Die actio redhibitoria (dt. Wandelung) war ein Klage des römischen Rechtes für das Rückgängigmachen des Kaufes von fehlerhaften Sklaven und Zugtieren auf dem Markt gegen Erstattung des Kaufpreises. Diese actio war schon zur Zeit des… …   Deutsch Wikipedia

  • South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

  • Liste der actiones des Römischen Privatrechts — D. 44,7,51 (Celsus libro tertio digestorum) Nihil aliud est actio quam ius quod sibi debeatur, iudicio persequendi. Die actio ist nichts anderes als das Recht, was einem geschuldet wird, gerichtlich durchzusetzen. Das Römische Recht… …   Deutsch Wikipedia

  • Contrato — Este artículo o sección necesita una revisión de ortografía y gramática. Puedes colaborar editándolo (lee aquí sugerencias para mejorar tu ortografía). Cuando se haya corregido, borra este aviso por favor. Un contrato, es un acuerdo de voluntades …   Wikipedia Español

  • Adilitische Klagen — (Actiones aediliciae), die Klagen, welche ihre Entstehung dem Edictum (s.d.) der römischen Ädilen verdankten. Für das heutige Privatrecht kennt man deren bes. 2: Actio redhibitoria (Wandelungsklage) u. Actio quantiminoris (Würderungsklage). Der… …   Pierer's Universal-Lexikon

  • Ädil — Die Ädilen (lateinisch: aediles, Singular aedilis, von aedes, dt. Tempel) bekleideten ein niederes Amt der Ämterlaufbahn (cursus honorum) der römischen Republik der Antike. Sie wurden jeweils auf ein Jahr gewählt. Ihren Namen haben die Ädilen von …   Deutsch Wikipedia

  • Fehler — Fehler, 1) grundlose Abweichung von der Regel; Fehlerhaft, was anders ist, als es seinem Wesen nach beschaffen sein sollte; dah. Fehlerhaftigkeit; 2) sittlicher Mangel; 3) (Math.), die größere od. kleinere Abweichung eines erhaltenen Resultats… …   Pierer's Universal-Lexikon

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