BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Ordered by a Judge: Quasi contracts are ordered by a judge because contracts implied in law are not covered under contract law. No Contract Exists: Quasi contracts are not contracts, they are remedies for disputes between parties that are the result of one party receiving an unjust enrichment.

Detailed explanation-2: -A quasi-contract is not longer than an actual contract. It is no longer based upon the offer and acceptance rule. It does not occur from any formal agreement but is imposed by means of law. It is a right that is reachable no longer against the whole world but against a specific man or woman.

Detailed explanation-3: -Quasi-contract types are when one party has an obligation to another party that’s imposed by the law and separate from the agreement between the two parties. 1. Quasi Contract Type: Payment by an Interested Person. 2. Quasi Contract Type: Obligation to Pay for Nongratuitous Act.

Detailed explanation-4: -Quasi-contracts are certain relations “resembling those created by contract.” It is covered in Chapter V (Section 68-72) of the Indian Contract Act, 1872. In this circumstance, an individual is obliged to compensate another although the basis of this obligation isn’t an agreement between the parties.

Detailed explanation-5: -Quasi contract are based on the principle of equity and justice and prevent enrichment of one person at the cost of another . It is a contract where there is no intention either side to make a contract, but the law impose contract.