BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Quasi-Contract – is a juridical relation which arises from a lawful, voluntary and unilateral act or acts executed by somebody from the benefit of another and for which the former must be indemnified to the end that no one shall be enriched or benefited at the expense of another.

Detailed explanation-2: -Unauthorized management; arises whenever a person voluntary takes charge of the agency or management of another’s abandoned business or property without the latter’s authority.

Detailed explanation-3: -A quasi contract is also known as an “implied contract, ” in which a defendant is ordered to pay restitution to the plaintiff, or a constructive contract, meaning a contract that is put into existence when no such contract between the parties exists.

Detailed explanation-4: -A quasi-contract refers to the obligation of the contract created out of order by the court not to let one party get unfair benefit out of the situation at the expense of other parties where there is the absence of initial agreement among the parties and there is a dispute between them.