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The Indian Contract Act deals with the following Quasi –
Contractual Obligations:
(i) Claim for necessaries supplied to a person incompetent to contract
(ii) Responsibility of finder of goods
(iii) Re – imbursement of money paid, due by another
(iv) Obligation of person enjoying benefit of non – gratuitous act
Contractual Obligations:
(i) Claim for necessaries supplied to a person incompetent to contract
(ii) Responsibility of finder of goods
(iii) Re – imbursement of money paid, due by another
(iv) Obligation of person enjoying benefit of non – gratuitous act
- a)(ii) & (iii)
- b)(i) & (ii)
- c)(i), (ii), (iii) & (iv)
- d)(iii) & (iv)
Correct answer is option 'C'. Can you explain this answer?
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The Indian Contract Act deals with the following Quasi –Contract...
Contracts:
1. Contingent contracts: These are contracts in which the performance of one or both parties depends on the occurrence or non-occurrence of a specific event. For example, a contract to sell a house only if the buyer's loan is approved.
2. Quasi-contracts: These are contracts that are not created by the parties' mutual consent but are imposed by law to prevent unjust enrichment. They are based on the principle of restitution and aim to restore the parties to their original position. For example, if A mistakenly pays B's debt, A can claim restitution from B.
3. Unenforceable contracts: These are contracts that are valid but cannot be enforced in a court of law due to certain legal restrictions. For example, a contract entered into by a minor is valid but not enforceable.
4. Voidable contracts: These are contracts that are initially valid but can be canceled or voided by one of the parties due to certain legal grounds. For example, a contract entered into under duress or by a person of unsound mind can be voided.
5. Illegal contracts: These are contracts that are expressly prohibited by law and are considered void ab initio (from the beginning). For example, a contract for the sale of illegal drugs.
The Indian Contract Act provides rules and regulations governing these quasi-contracts to ensure fairness and justice in business transactions.
1. Contingent contracts: These are contracts in which the performance of one or both parties depends on the occurrence or non-occurrence of a specific event. For example, a contract to sell a house only if the buyer's loan is approved.
2. Quasi-contracts: These are contracts that are not created by the parties' mutual consent but are imposed by law to prevent unjust enrichment. They are based on the principle of restitution and aim to restore the parties to their original position. For example, if A mistakenly pays B's debt, A can claim restitution from B.
3. Unenforceable contracts: These are contracts that are valid but cannot be enforced in a court of law due to certain legal restrictions. For example, a contract entered into by a minor is valid but not enforceable.
4. Voidable contracts: These are contracts that are initially valid but can be canceled or voided by one of the parties due to certain legal grounds. For example, a contract entered into under duress or by a person of unsound mind can be voided.
5. Illegal contracts: These are contracts that are expressly prohibited by law and are considered void ab initio (from the beginning). For example, a contract for the sale of illegal drugs.
The Indian Contract Act provides rules and regulations governing these quasi-contracts to ensure fairness and justice in business transactions.
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Community Answer
The Indian Contract Act deals with the following Quasi –Contract...
As per Indian Contract Act 1872, the following cases are deemed to be quasi contracts.
1. Claim for necessary supplied to an incompetent person
2. Payment by an interested person
3. Obligation of person enjoying benefits under a non gratuitous act
4. Responsibility of finder of lost goods
5. Payment made by mistake or under coercion .
Hence option C is right.
1. Claim for necessary supplied to an incompetent person
2. Payment by an interested person
3. Obligation of person enjoying benefits under a non gratuitous act
4. Responsibility of finder of lost goods
5. Payment made by mistake or under coercion .
Hence option C is right.
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The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. Can you explain this answer?
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The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. 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 The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. 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 The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. Can you explain this answer?.
The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. 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 The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. 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 The Indian Contract Act deals with the following Quasi –Contractual Obligations:(i) Claim for necessaries supplied to a person incompetent to contract(ii) Responsibility of finder of goods(iii) Re – imbursement of money paid, due by another(iv) Obligation of person enjoying benefit of non – gratuitous acta)(ii) & (iii)b)(i) & (ii)c)(i), (ii), (iii) & (iv)d)(iii) & (iv)Correct answer is option 'C'. Can you explain this answer?.
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