All About Careers
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser
No Result
View All Result
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser
No Result
View All Result
All About Careers
No Result
View All Result

What does Quid Pro Quo mean?

The term Quid Pro Quo dates back to the Latin of the European Middle Ages

by Maria Laura
22 June, 2022
in Student Finance
0
What does Quid Pro Quo mean?

Quid Pro Quo is a Latin term indicating “something for something” and originated in the Middle Ages in Europe. It is often used to describe a situation where two people agree to exchange goods or services.

From a legal or commercial standpoint, “quid pro quo” indicates that a good or service is exchanged for something of equal value. It has even been used in politics for less ethical practice: “I’ll do something for you if you do something for me.”

The meaning of Quid Pro Quo

There must be a consideration for a quid pro quo agreement; this may be a service, goods, money, or some financial instrument. It is then set out in a contract where it will state that something is provided and that something else of equal value is expected to be obtained in return.

If the contract is not performed, a court may indicate that it is an invalid agreement or a non-binding contract. When the deal is unfair or one-sided, courts often argue that the warranty is null and void.

To observe the information better, one can take an example of a swap between two parties, where different items or services with similar values are exchanged. But a quid pro quo may involve an ethical situation where an agreement is reached to exchange “one thing for another.”

The origin of the term “quid pro quo”

The first time knew this term was in the field of medicine in the 16th century when I substituted some drugs for others; of course, the use of the period at that time is different from today’s context.

Check ➤  Does Billing Address Matter For eBay Payments?

During the 16th and 26th centuries, lawyers began using it. However, since its origin, it has had a negative connotation because, for a long time, used it for inappropriate or illegal trade.

The application of quid pro quo in politics
It is often used in the context of campaign finance, although under federal law, it is illegal to use the term quid pro quo donations to obtain political favors in return.

When an illegal quid pro quo arises in politics, it can occur when a voter gives money to a politician in the expectation that they will do the politician a favor. Both parties agreed to the deal. However, it is considered bribery.

When is quid pro quo illegal?

The fact that it is a popular term does not indicate that there are no occasions where it falls foul of the law. A clear example is when it is used to carry out sexual harassment.

For example, when an employee needs some work benefits or compensation and the employer is willing to accept it in exchange for some sexual sale. When linked to sexual favors, it is illegal. Finally, the use of the term is well regarded, as long as it does not incur any crime imposed by law.

Click to rate!
[Total: Average: ]
Related posts:
  1. How to Pay for Graduate School?
  2. How To Get Money From Venmo Without Bank Account
  3. Can Power Of Attorney Transfer Assets To Agent?
  4. How to add money to the Cash App card at Walgreens? An effortless way
  5. Why Can’t I Open A Chime Account?
  6. Can you cash a check at Publix
  7. How to transfer money from PayPal to a bank account instantly?
  8. How is K -1 income taxed?
Check ➤  Best Way To Transfer Money From France To The US
Previous Post

How long does a Bankruptcy stay on your Credit Report?

Next Post

What are advantages of Filing Bankruptcy?

No Result
View All Result

Contents

  • 1 The meaning of Quid Pro Quo
  • 2 The origin of the term “quid pro quo”
  • 3 When is quid pro quo illegal?

Categories

  • Accounting
  • Apple Pay
  • Apprenticeships
  • Career Industry
  • Career Path
  • Cash-app
  • College
  • Courses
  • Cover Letter
  • Credit Card
  • Degree
  • DoorDash
  • Insurance
  • Internships
  • Investing
  • Job Profiles
  • Looking for a Job
  • Paypal
  • Postgraduate
  • Rankings
  • Reviews
  • Scholarships
  • Self Employment
  • Social Security
  • Student Discount
  • Student Finance
  • Student loans
  • Taxes
  • UCAS
  • University
  • Venmo
  • Work experience

Student Finance:

  • How to get money off netspend account without card
  • Why cant i open a chime account
  • How to transfer from crypto com to bank account
  • Chime cash advance
  • Does publix cash checks
  • Pay later apps

Looking for a Tax Attorney?

  • Tax Attorney Near Me
  • Tax Attorney Los Angeles
  • Tax Attorney Maryland
  • Tax Attorney California

Insurance:

  • Home insurance claim adjuster secret tactics
  • Insurance subscriber number
  • State farm id card
  • Ct scan cost with insurance
  • Benefits for green card holders over 65

Student Loans:

  • $50 000 loan payment for 10 years
  • Average credit score by age
  • $200 000 mortgage payment 30 years
  • How much is the mortgage on a million dollar home
  • Mortgage underwriter salary

Credit Cards:

  • Thd/cbna credit card
  • Goody’s credit card online payment
  • Shell credit card payment
  • Iddeal credit card
  • Victoria secret pay credit card
  • CONTACT
  • TERMS & CONDITIONS
  • PRIVACY POLICY & GDPR COMPLIANCE STATEMENT
  • COOKIE POLICY

© 2004 - 2022 allaboutcareers.com

No Result
View All Result
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser

© 2004 - 2022 allaboutcareers.com