True or False: A quasi-contract exists only when there is a formal agreement between parties.

False. A quasi-contract exists even in the absence of a formal agreement.

What principle underlies the concept of quasi-contracts?

The principle of unjust enrichment.

Fill in the blank: A quasi-contract can be understood as a scenario where there is no formal contract, yet the law establishes certain rights and obligations that ___ those of a contract.

Mimic

True or False: Quasi-contracts are defined explicitly in the Indian Contract Act, 1872.

False. The Act does not provide a clear definition of quasi-contracts.

Fill in the blank: If goods are left in someone's possession inadvertently, the law may impose an obligation on that person to ___ the goods.

Return

What is the main purpose of a quasi-contract?

To ensure fairness and prevent one party from benefiting unfairly at the expense of another.

A quasi contract is established when one party is legally obligated to fulfill an obligation even in the absence of a formal contract. True or False?

True. A quasi contract is recognized by the court to prevent unjust enrichment, even without a formal agreement.

Quasi contractual obligations arise from mutual consent between parties. True or False?

False. Quasi contractual obligations are imposed by law to prevent unjust enrichment, not based on mutual consent.

Benefit; enriched

What is the primary purpose of recognizing quasi contracts in law?

To prevent unjust enrichment and ensure that one party does not gain an unfair advantage at the expense of another.

Fill in the blanks: Quasi contracts are enforced as if they were contracts, even though they do not arise from ___ but from the need to prevent ___.

Mutual consent; unjust enrichment

True or False: A quasi contract can be enforced even if the essential elements of a formal contract are missing.

True. Courts can imply a promise and impose obligations to prevent unjust enrichment.

Briefly explain the legal principle that underlies quasi contracts.

The legal principle is based on the doctrine of unjust enrichment, which requires that one party must not benefit at the expense of another without some form of obligation.

What is the primary purpose of a quasi contract under Section 68?

The primary purpose of a quasi contract under Section 68 is to ensure that a supplier of necessaries is reimbursed for goods or services provided to a person who is unable to contract due to age or mental incapacity.

True or False: A person who pays a debt on behalf of another without any legitimate interest can claim reimbursement under Section 69.

False. A person must have a legitimate interest in the matter to claim reimbursement under Section 69.

In a non-gratuitous act, the recipient must ___ the act or item and enjoy the benefits of it.

Voluntarily accept

Explain the conditions under which reimbursement can be claimed for a payment made under Section 69.

Reimbursement can be claimed if the payment was made bona fide to protect one's interest, was voluntary, and was for a sum that the other party is legally bound to pay.

What obligation does a finder of goods have under Section 71?

A finder of goods has the obligation to take care of the goods and make reasonable efforts to return them to the owner, and may claim reimbursement for any expenses incurred in safeguarding the goods.

True or False: A person who enters into a contract under coercion is still bound by the agreement.

False. Individuals are not bound by agreements made under duress or misunderstanding.

What are the essential requirements for claiming compensation for non-gratuitous acts?

The essential requirements are that the act must be lawful, the performer must not intend to do it without charge, and the recipient must voluntarily accept the act or item.

Under Section 72, what happens if a contract is entered into under a mistake?

If a contract is entered into under a mistake, the parties may be released from their obligations to ensure fairness and prevent unjust enrichment.