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What is the purpose of a quasi-contract in terms of compensation?
  • a)
    To provide double the amount of benefit received
  • b)
    To ensure no compensation is required
  • c)
    To compensate the aggrieved party for the benefit received
  • d)
    To compensate the enriched party for their actions
Correct answer is option 'C'. Can you explain this answer?
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What is the purpose of a quasi-contract in terms of compensation?a)To ...
The purpose of a quasi-contract is to compensate the aggrieved party for the benefit received by the enriched party. The concept of a quasi-contract aims to prevent unjust enrichment, so the enriched party is required to compensate the aggrieved party for the value of the benefit received. The compensation is limited to the amount of the benefit received and does not include any additional damages or double the amount.
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What is the purpose of a quasi-contract in terms of compensation?a)To provide double the amount of benefit receivedb)To ensure no compensation is requiredc)To compensate the aggrieved party for the benefit receivedd)To compensate the enriched party for their actionsCorrect answer is option 'C'. Can you explain this answer?
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What is the purpose of a quasi-contract in terms of compensation?a)To provide double the amount of benefit receivedb)To ensure no compensation is requiredc)To compensate the aggrieved party for the benefit receivedd)To compensate the enriched party for their actionsCorrect 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 purpose of a quasi-contract in terms of compensation?a)To provide double the amount of benefit receivedb)To ensure no compensation is requiredc)To compensate the aggrieved party for the benefit receivedd)To compensate the enriched party for their actionsCorrect 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 purpose of a quasi-contract in terms of compensation?a)To provide double the amount of benefit receivedb)To ensure no compensation is requiredc)To compensate the aggrieved party for the benefit receivedd)To compensate the enriched party for their actionsCorrect answer is option 'C'. Can you explain this answer?.
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