My Study Stuff

01/11/2011

quasi contract

Filed under: Business,Law — anlactunay @ 1:03 PM

quasi contract=
Court’s determination of an obligation of one party to another where no actual contract exists. It is based on the parties’ conduct, mutual relationship, and/or on the possibility that one would be unjustly enriched at the expense of the other. In strict legal terms a quasi contract does not constitute a formal contract, but is a legal remedy that allows a plaintiff to recover an award or benefit conferred on the defendant.

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