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Legal Terms - Actio Quanti Minoris
Actio quanti minoris is a Latin term that refers to the legal action of how much less. A buyer's activity to demand a price reduction that is proportional to the decrease in value caused by a flaw in the purchased good. According to section 48C(1)(a) of the Sales of Goods Act 1979, if there is a small defect in the product (which violates the implied term of satisfactory quality as stated in section 14), the buyer has the right to ask the seller to lower the price of the goods by an appropriate amount.
Actio quanti minoris is a Latin term that refers to the legal action of how much less. A buyer's activity to demand a price reduction that is proportional to the decrease in value caused by a flaw in the purchased good. According to section 48C(1)(a) of the Sales of Goods Act 1979, if there is a small defect in the product (which violates the implied term of satisfactory quality as stated in section 14), the buyer has the right to ask the seller to lower the price of the goods by an appropriate amount.
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