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No, a quasi-contract is not the same as an actual contract. A quasi-contract is an equitable doctrine that permits the recovery of compensation and can be used in court, but it is not an enforceable contract. An actual contract serves the same purpose, and it is enforceable.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoA quasi contract is one the court may invoke to reach a fair solution to a problem where no formal contract exists. This can prevent one of the parties from being unjustly enriched at the expense of the other.
Wiki User
∙ 9y agoA quasi contract is a contract that is an obligation between two parties. It is imposed by the law independently.?æ
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What is quasi-contracts?
A quasi contract is a contract that is an obligation between two parties. It is imposed by the law independently.?æ
What are some crimes that begin with the letter Q?
quasi contract Quasi Corporation Quasi Criminal Quasi Judicial Qui tam Quasi Criminal
What is a quasi-contract?
A quasi contract is a lawful, voluntary and unilateral acts so as to avoid unjustly enrichment for the benefit of the one at the expense of another.
A quasi-contract is not a contract at all?
A quasi-contract is fictional and created for equitable, not contractual purposes by the courts. It is not a real contract, simply a means to bring about equity between two parties in dispute. It is used to represent a contract that should have been formed in this case, but was not.
What is the quasi bank?
from what I've learned from law, quasi means "as if" so if you put that first word (quasi) to other it means almost but not exactly same. quasi- combining form meaning "resembling," "having some, but not all of the features of," used in the formation of compound words: a quasi contract, an implied contract, an obligation which has arisen from some act, as if from a contract; a quasi corporation, a body that has some, but not all, of the peculiar attributes of a corporation; a quasi argument, that which resembles, or is used as, an argument; quasi historical, apparently historical, seeming to be historical. so if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a group) who has agree/join on this agreement. as if a bank, but not the one honored to do business for public.
What is the difference between quasi-contracts and implied-in-fact contracts?
A quasi-contract is not actually a contract but is instead a remedy. Also known as an implied-in-law contract, it is recognized in order to do justice under contract law, such as wherein the doctrine of promissory estoppel is applied.An implied-in-fact contract is a contract deemed to exist between parties whose conduct tacitly recognizes the existence of a contract between them.
What do you meant by contract?
A contract is a legally binding agreement.
What is meant by quasi legislative functions and how they differ from purely legislative functios?
When legislative power is delegated to the executive. When legislature while in acting delegated its powers to the executive is called quasi legislative functions.
What is meant by quasi?
Quasi-judicial refers to actions by a group of people, or perhaps one authorized individual, that is charged with determining facts, holding hearings, and possibly even issuing subpoenas for individuals.
What does quasi mutual assent mean in relation to the contract?
"Meeting of the minds" (Parties involved in a contract must come to an agreement on the particulars of a transaction)
When are remedies applied in business law?
Remedies of quasi-contract, constructive trust, equitable lien, and reformation must be applied to redress enrichment secured by tort, part performance of contract, duress, or mistake.
What is reformation of contract?
Reformation of a contract is a legal process that occurs when the terms of a contract are misinterpreted by all parties involved. The contract is changed to match what the parties meant for it to say.
