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Tuesday, October 9, 2012

Quid pro quo


Quid pro quo(Latin)means a more-or-less equal exchange or substitution of goods or services, "a favor for a favor", "give and take","this for that", and "you scratch my back, and I'll scratch yours."



In legal usage, 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. 

In the United States, if the exchange appears excessively one sided, courts in some jurisdictions may question whether a quid pro quo did actually exist and the contract may be void by law.

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