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What is the difference between a quasi-contract and an implied contract?
  • a)
    Quasi-contracts require mutual consent, while implied contracts do not
  • b)
    Quasi-contracts are written agreements, while implied contracts are oral agreements
  • c)
    Quasi-contracts are based on unjust enrichment, while implied contracts are based on mutual actions and conduct
  • d)
    Quasi-contracts are legally binding, while implied contracts are not
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the difference between a quasi-contract and an implied contrac...
The main difference between a quasi-contract and an implied contract is that a quasi-contract is based on the principle of unjust enrichment, while an implied contract is based on the mutual actions and conduct of the parties involved. In a quasi-contract, there is no mutual consent between the parties, while in an implied contract, the actions and conduct of the parties imply that they have mutually agreed to enter into a contract.
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What is the difference between a quasi-contract and an implied contract?a)Quasi-contracts require mutual consent, while implied contracts do notb)Quasi-contracts are written agreements, while implied contracts are oral agreementsc)Quasi-contracts are based on unjust enrichment, while implied contracts are based on mutual actions and conductd)Quasi-contracts are legally binding, while implied contracts are notCorrect answer is option 'C'. Can you explain this answer?
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What is the difference between a quasi-contract and an implied contract?a)Quasi-contracts require mutual consent, while implied contracts do notb)Quasi-contracts are written agreements, while implied contracts are oral agreementsc)Quasi-contracts are based on unjust enrichment, while implied contracts are based on mutual actions and conductd)Quasi-contracts are legally binding, while implied contracts are notCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the difference between a quasi-contract and an implied contract?a)Quasi-contracts require mutual consent, while implied contracts do notb)Quasi-contracts are written agreements, while implied contracts are oral agreementsc)Quasi-contracts are based on unjust enrichment, while implied contracts are based on mutual actions and conductd)Quasi-contracts are legally binding, while implied contracts are notCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between a quasi-contract and an implied contract?a)Quasi-contracts require mutual consent, while implied contracts do notb)Quasi-contracts are written agreements, while implied contracts are oral agreementsc)Quasi-contracts are based on unjust enrichment, while implied contracts are based on mutual actions and conductd)Quasi-contracts are legally binding, while implied contracts are notCorrect answer is option 'C'. Can you explain this answer?.
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