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 ___________ are the contracts implied by law: 
  • a)
    Contingent contracts 
  • b)
    Implied contract 
  • c)
    Quasi contract 
  • d)
    All of theses 
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
___________ are the contracts implied by law:a)Contingent contractsb)I...
Explanation:



Contracts:


A contract is a legally binding agreement between two or more parties. It is a promise or set of promises made by one party to another, with the intention of creating a legal obligation.

Implied Contracts:


An implied contract is a contract that is not created by an express agreement between the parties. Instead, it is created by the conduct of the parties or by the circumstances surrounding the transaction. Implied contracts can be created in a variety of ways.

Quasi Contracts:


A quasi contract, also known as an implied-in-law contract, is a legal fiction that allows a court to impose an obligation on one party to prevent the unjust enrichment of another party. Quasi contracts are not contracts at all, but rather a legal remedy to prevent one party from being unjustly enriched at the expense of another party.

Contracts Implied by Law:


Contracts implied by law are quasi contracts. They are not created by an express agreement between the parties, but are instead imposed by law to prevent one party from being unjustly enriched at the expense of another party. Quasi contracts are typically used in situations where one party has received a benefit from another party, but there is no contract between them.

Contingent Contracts:


A contingent contract is a contract that depends on the occurrence of a particular event. The contract will only be enforceable if the event occurs. For example, a contract to sell a house may be contingent on the buyer obtaining financing.

Conclusion:


In conclusion, the contracts implied by law are quasi contracts, which are created to prevent one party from being unjustly enriched at the expense of another party. Contingent contracts are contracts that depend on the occurrence of a particular event.
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Community Answer
___________ are the contracts implied by law:a)Contingent contractsb)I...
Quasi contract is an obligation of one party to another imposed by law independently of an agreement between the parties hence that those are the contracts and implied by law therefore option C is the correct answer
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___________ are the contracts implied by law:a)Contingent contractsb)Implied contractc)Quasi contractd)All of thesesCorrect answer is option 'C'. Can you explain this answer?
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