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N. K. Gupta posted an Question
September 23, 2021 • 13:39 pm
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30 points
- UGC NET
- Commerce
Wgat is the meaning of quasi contract what is the effect of quasi cotract
wgat is the meaning of quasi contract what is the effect of quasi cotract
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Rucha rajesh shingvekar Best Answer
Quasi contract is an after-the-fact contract between two parties who were otherwise not in a legal commitment to one another. This kind of contract is mandated by a judge seeking to address a situation where one party benefited from something at the expense of the other. Let's look at an example of a Quasi contract: Peter and Oliver enter a contract under which Peter agrees to deliver a basket of fruits at Oliver's residence and Oliver promises to pay Rs 1,500 after consuming all the fruits. However, Peter erroneously delivers a basket of fruits at John's residence instead of Oliver's.