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 U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of : 
  • a)
    Deemed Contractual Obligations 
  • b)
    Semi Contractual Obligations 
  • c)
    Contractual Obligations 
  • d)
    Quasi – Contractual Obligations 
Correct answer is option 'D'. Can you explain this answer?
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U leaves his goods at V’s place who consumes them. V is bound to...
Quasi contracts are relations resembling those created by contractual obligations.


The following cases are deemed to be quasi contracts
a) Claim for supply of necessaries to an incompetent person

b) Payment by an interested person

c) Obligation of a person taking benefit under non- gratuitous act

d) Responsibility of finder of lost goods

e) Payment made by mistake or coercion

The given question comes under c).
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U leaves his goods at V’s place who consumes them. V is bound to...
And returns later to pick them up.
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U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of :a)Deemed Contractual Obligationsb)Semi Contractual Obligationsc)Contractual Obligationsd)Quasi – Contractual ObligationsCorrect answer is option 'D'. Can you explain this answer?
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U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of :a)Deemed Contractual Obligationsb)Semi Contractual Obligationsc)Contractual Obligationsd)Quasi – Contractual ObligationsCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of :a)Deemed Contractual Obligationsb)Semi Contractual Obligationsc)Contractual Obligationsd)Quasi – Contractual ObligationsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of :a)Deemed Contractual Obligationsb)Semi Contractual Obligationsc)Contractual Obligationsd)Quasi – Contractual ObligationsCorrect answer is option 'D'. Can you explain this answer?.
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