BUSINESS ADMINISTRATION
BUSINESS LAW
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Detailed explanation-1: -What are the kinds of quasi-contracts? Quasi-contracts may be classified as nominate quasi-contracts and innominate quasi-contracts. Nominate quasi-contracts refer to Negotiorum Gestio and Solutio Indebitii, while innominate contracts refer to those that are covered by definition of quasi-contract.
Detailed explanation-2: -Types of Quasi Contracts An individual who is legally incapable of entering into any agreement, or if the person is unable to support themselves, then another individual who is legally responsible for supporting the former, then the latter will be reimbursed from the estate of the dependent.
Detailed explanation-3: -A quasi-contract or implied-in-law contract is a fictional contract recognised by a court. The basis of quasi-contractual liability is unjust enrichment and the liability arises by implications of law, and not out of any agreement as in the case of contract.