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The basis of ‘quasi contractual relations’ is the
- a)existence of a valid contract between the parties
- b)prevention of unjust enrichment at the expense of others
- c)Provisions contained in Section 10 of the Contract Act
- d)Existence of a voidable contract between the parties.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The basis of ‘quasi contractual relations’ is thea)existen...
Basis of Quasi Contractual Relations
The basis of quasi contractual relations is the prevention of unjust enrichment at the expense of others. This means that when one party has received a benefit from another party, it is only fair that they compensate the other party for the value of that benefit.
Explanation
Quasi contractual relations are not based on a valid contract between the parties. Instead, they are based on the principle of preventing unjust enrichment. This principle is based on the idea that it is unfair for one party to benefit at the expense of another party without compensating them for the value of that benefit.
For example, if a person mistakenly pays someone else's bill, that person has received a benefit (the payment of their bill) at the expense of the person who made the mistaken payment. In this case, the person who made the mistaken payment can recover the amount paid under the principle of quasi contractual relations.
Conclusion
In conclusion, the basis of quasi contractual relations is the prevention of unjust enrichment at the expense of others. This principle is based on the idea that it is only fair for a party to compensate another party for the value of any benefit received from them. Quasi contractual relations are not based on a valid contract between the parties but are instead based on the principle of preventing unjust enrichment.
The basis of quasi contractual relations is the prevention of unjust enrichment at the expense of others. This means that when one party has received a benefit from another party, it is only fair that they compensate the other party for the value of that benefit.
Explanation
Quasi contractual relations are not based on a valid contract between the parties. Instead, they are based on the principle of preventing unjust enrichment. This principle is based on the idea that it is unfair for one party to benefit at the expense of another party without compensating them for the value of that benefit.
For example, if a person mistakenly pays someone else's bill, that person has received a benefit (the payment of their bill) at the expense of the person who made the mistaken payment. In this case, the person who made the mistaken payment can recover the amount paid under the principle of quasi contractual relations.
Conclusion
In conclusion, the basis of quasi contractual relations is the prevention of unjust enrichment at the expense of others. This principle is based on the idea that it is only fair for a party to compensate another party for the value of any benefit received from them. Quasi contractual relations are not based on a valid contract between the parties but are instead based on the principle of preventing unjust enrichment.
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The basis of ‘quasi contractual relations’ is thea)existen...
Because it is the definition of quasi contract
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The basis of ‘quasi contractual relations’ is thea)existence of a valid contract between the partiesb)prevention of unjust enrichment at the expense of othersc)Provisions contained in Section 10 of the Contract Actd)Existence of a voidable contract between the parties.Correct answer is option 'B'. Can you explain this answer?
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The basis of ‘quasi contractual relations’ is thea)existence of a valid contract between the partiesb)prevention of unjust enrichment at the expense of othersc)Provisions contained in Section 10 of the Contract Actd)Existence of a voidable contract between the parties.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The basis of ‘quasi contractual relations’ is thea)existence of a valid contract between the partiesb)prevention of unjust enrichment at the expense of othersc)Provisions contained in Section 10 of the Contract Actd)Existence of a voidable contract between the parties.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The basis of ‘quasi contractual relations’ is thea)existence of a valid contract between the partiesb)prevention of unjust enrichment at the expense of othersc)Provisions contained in Section 10 of the Contract Actd)Existence of a voidable contract between the parties.Correct answer is option 'B'. Can you explain this answer?.
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