How Do You Spell QUANTI MINORIS?

Pronunciation: [kwˈɒnti mˈa͡ɪnɔːɹˌɪs] (IPA)

"Quanti minoris" is a Latin term that refers to a legal concept dealing with the adjustment of the purchase price of a property. In IPA phonetic transcription, the word is pronounced /ˈkwanti mɪˈnɔrɪs/. The spelling is a combination of the Latin words "quantum," meaning "how much," and "minoris," meaning "lesser." The phrase is often used in contract law to indicate a reduction in price due to defects or deficiencies in the subject property. Understanding the spelling and pronunciation of legal terms is essential for professionals in the legal industry.

QUANTI MINORIS Meaning and Definition

1. Quanti minoris is a Latin legal term that translates to "at a reduced price" or "for a lesser amount." It is a legal principle used in contract law when a buyer seeks to claim a reduction in the price of a product or service due to a defect or deficiency in its quality, quantity, or condition.

   Under the quanti minoris principle, if a buyer discovers a flaw or discrepancy in a product or service after purchasing it, they have the right to seek a reduction in its price. This principle is often invoked when the seller fails to meet the expectations or specifications agreed upon during the sale. It allows the buyer to demand compensation by claiming the difference in value between the product as promised and the product as received.

   To exercise the quanti minoris right, the buyer typically notifies the seller or relevant party in writing about the defect or deficiency, providing evidence and requesting a price reduction. If the claim is deemed valid, the buyer may be entitled to receive a partial refund or an adjustment of the purchase price.

   Quanti minoris provides a legal recourse and protection for buyers who feel they did not receive what they bargained for. It ensures fairness in business transactions by allowing consumers to enforce their rights and seek redress when the products or services they purchase fall short of their expectations or agreed specifications.

Common Misspellings for QUANTI MINORIS

• 1uanti minoris
• 2uanti minoris
• wuanti minoris
• auanti minoris
• qyanti minoris
• qhanti minoris
• qjanti minoris
• qianti minoris
• q8anti minoris
• q7anti minoris
• quznti minoris
• qusnti minoris
• quwnti minoris
• quqnti minoris
• quabti minoris
• quamti minoris
• quajti minoris
• quahti minoris
• quanri minoris
• quanfi minoris

Etymology of QUANTI MINORIS

The phrase "quanti minoris" is derived from Latin and consists of two words: "quanti" meaning "how much" or "of what value" and "minoris" meaning "of lesser" or "of smaller". When combined, "quanti minoris" translates to "of how much less" or "of lesser value". The etymology of these Latin words can be traced back to classical Latin, where "quanti" is the genitive form of "quantus" (meaning "how great" or "how much") and "minoris" is a genitive form of "minor" (meaning "less" or "smaller").