Business law unit 2

Quasi contract is

• Not made by parties

• The result of application of principle of equity

• Is imposed by law

• All of the above

Quasi contract is also known as

• Contract implied in law

• Implied contract

• Unintentional contract

• Both a and c

Quasi contract is

• Is a contract

• Has only a legal obligations

• Is an agreement

• None of these

A quasi contract is

• Implied by the act or conduct of the parties

• Implied by law

• Intentionally made

• Both a and c

A person who makes payment of money on behalf of another is entitled to be reimbursed

• When the person making the payment has interest in making the payment

• When the person on whose behalf he pays the money is bound by law to pay

• When the person receiving the payment is legally entitled to receive

• When all the above conditions or satisfied

The right under quasi contract is available against

• Specific persons only

• Specific person and the whole world

• The whole world

• None of these

A quasi contract is

• Not a real contract

• Not a contract having all the essentials of valid contract

• A contract imposed by law on the parties

• All of the above

Quasi contract arises from

• Principle of equity

• Contract by the parties

• Laws of the land

• Status of persons

A quasi contract is

• Contract imposed by law

• Deemed contract

• Not a real contract

• Both a and c

A quasi contract arises from

• The intention to create legal relations

• Compliances of all legal formalities

• A true contract

• The principle of natural justice