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_____ contract is made without any intention of parties
- a)Express contract
- b)Implied contract
- c)Quasi contract
- d)Executory contract
Correct answer is option 'C'. Can you explain this answer?
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_____ contract is made without any intention of partiesa)Express contr...
A quasi contract is an agreement between two parties without previous obligations to one another that has been created and legally recognized by the court system. under a quasi-contract, neither involved party is expected to create such an agreement; this contract is arranged and imposed by a judge to correct a circumstance in which one party acquires something at the expense of the other party.
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_____ contract is made without any intention of partiesa)Express contr...
Quasi Contract:
A Quasi contract is a contract that is not created by any agreement between the parties involved. This contract is created by the law. It is also known as an implied-in-law contract. In a quasi contract, there is no intention of parties to make a contract.
Features of Quasi Contract:
- A quasi contract is not a real contract, as it is not created by the agreement of the parties.
- It is created by the law to avoid unjust enrichment.
- The parties involved in the quasi contract do not have any prior relationship or agreement with each other.
- The parties involved are not bound by the terms of the quasi contract unless they have accepted them.
Examples of Quasi Contract:
- A person who has been unjustly enriched at the expense of another person is responsible for returning the value of the benefit.
- If a person performs work for another person without any agreement, the person who received the work is responsible for paying the fair value of the work.
Conclusion:
To sum up, a quasi contract is created by the law to prevent unjust enrichment. It is not created by the agreement of the parties, and there is no intention of the parties to make a contract.
A Quasi contract is a contract that is not created by any agreement between the parties involved. This contract is created by the law. It is also known as an implied-in-law contract. In a quasi contract, there is no intention of parties to make a contract.
Features of Quasi Contract:
- A quasi contract is not a real contract, as it is not created by the agreement of the parties.
- It is created by the law to avoid unjust enrichment.
- The parties involved in the quasi contract do not have any prior relationship or agreement with each other.
- The parties involved are not bound by the terms of the quasi contract unless they have accepted them.
Examples of Quasi Contract:
- A person who has been unjustly enriched at the expense of another person is responsible for returning the value of the benefit.
- If a person performs work for another person without any agreement, the person who received the work is responsible for paying the fair value of the work.
Conclusion:
To sum up, a quasi contract is created by the law to prevent unjust enrichment. It is not created by the agreement of the parties, and there is no intention of the parties to make a contract.
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Community Answer
_____ contract is made without any intention of partiesa)Express contr...
Because it is enforced by law n must be obeyed here there is no intention of parties 2 get into contract hence option c is correct
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_____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect answer is option 'C'. Can you explain this answer?
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_____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect 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 _____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect 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 _____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect answer is option 'C'. Can you explain this answer?.
_____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect 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 _____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect 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 _____ contract is made without any intention of partiesa)Express contractb)Implied contractc)Quasi contractd)Executory contractCorrect answer is option 'C'. Can you explain this answer?.
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