Quasi Contract | Meaning, Types and Examples | Business Law | Management Notes
Quasi Contract Meaning
Quasi Contract is a type of contract that deals with the rights or liabilities accruing from relations resembling those created by Contract. It is not a real contract and thus called a consensual contract based on the agreement of the parties. These contracts are based on the principal of Equity and Justice that prevent enrichment of one person at the cost of another. It is created by a judge to correct a circumstance in which one party acquires something at the expense of the other. These arrangements may be imposed when goods or services are accepted, though not requested, by a party. The acceptance then creates an expectation of payment. There are certain dealings which are not contracts strictly, though the parties act as if there is a contract. The contract Act specifies the various situations which come within what is called quasi contract.
Quasi contract Example
For example, John ordered Burger to be delivered to his house. If that Burger is delivered to Nick’s House , and someone he enjoys your burger, a quasi contract could be initiated.
Ram ordered a Tshirt online for his wife, as a birthday present. The delivery boy mistakenly delivered the dress to the lady in their neighborhood, and the neighbor used the Tshirt thinking that it was ordered by her husband In this case, the lady is bound to return the parcel to Ram or pay the price for that Tshirt.
Types of Quasi Contract
- SUPPLY OF NECESSITIES (Sec.68)
- PAYMENT BY AN INTERSTED PERSON (sec. 69)
- OBLIGATION TO PAY FOR NON-GRATUITOUS ACTS (Sec. 70)
- RESPONSIBILITIES OF FINDER OF GOODS (Sec. 71)
- MISTAKE OR COERSION (Sec. 72)