actio quanti minoris

Quick Reference

[Latin: action of how much less]

An action in which the purchaser of a good claims a reduction of the price proportionate to the reduction in value caused by a defect. Under the Sales of Goods Act 1979 s 48C(1)(a), where there is a minor defect in the product (and hence a breach of the implied term of satisfactory quality (s 14), then “the buyer can require the seller to reduce the purchase price of the goods in question to the buyer by an appropriate amount.”

Subjects: Law.

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