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Exchange of goods or services
- Quid pro quo (Latin: "something for something") 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".
en.wikipedia.org/wiki/Quid_pro_quo
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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.
Quid pro quo, in business and politics, an exchange of goods, services, or other benefits between two parties in which the exchanged items are regarded by the parties as being of comparable value. From the 16th through the 18th centuries, the expression quid pro quo was often used by apothecaries.
QUID PRO QUO definition: 1. something that is given to a person in return for something they have done: 2. something that…. Learn more.
- What Is Quid Pro Quo?
- Understanding Quid Pro Quo
- Negative Perception of Quid Pro Quo
- Quid Pro Quo in Politics
- The Bottom Line
Quid pro quois a Latin term for "something for something" that originated in the Middle Ages in Europe. It describes a situation when two parties mutually agree to exchange goods or services reciprocally. In a quid pro quo agreement, one transfer is thus contingent upon some transfer from the other party. In business and legal contexts, quid pro qu...
The key to a quid pro quo business agreement is a consideration, which may take the form of a good, service, money, or, financial instrument. Such considerations are attached to a contract in which something is provided and something of equal value is hence returned in exchange. Without such considerations, a court may find a contract to be invalid...
Quid pro quo arrangements can have negative connotations in certain contexts. For example, in a quid pro quo agreement between an investment bank'sresearch arm and a public company, the bank might amend its rating of the company's shares in exchange for underwriting business. In response to these potential conflicts of interest, U.S. financial regu...
Quid pro quo arrangements may also exist in the political realm. As an example, in exchange for donations, a politician may be obliged to provide a future consideration regarding policymaking or decision-making. Such a quid pro quo does not always imply a bribe, however, merely the understanding that the politician will consider the donor's wishes ...
Quid pro quo is the act of doing something in exchange for something of equal value. It is usually not a monetary agreement but typically one service for another; most often it is a favor that is granted by one party with an expectation of an equal favor or service to be returned in the future. It is used widely throughout business and politics.
May 20, 2019 · 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.
The meaning of QUID PRO QUO is something given or received for something else; also : a deal arranging a quid pro quo. How to use quid pro quo in a sentence. Frequently Asked Questions About quid pro quo.
Oct 26, 2019 · A bit of Latin has been on the lips of many lately: quid pro quo. The phrase has been broadly invoked in the House impeachment inquiry into President Trump and his interactions with the leader of...
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