Quasi contracts are obligations imposed by law that are contained in Sections 68 to 72 of the Contract Act of 1872. They are based on the principle that no one should unjustly enrich themselves at another's expense. Quasi contracts do not arise from an agreement between parties but rather from a duty imposed by law. The right granted is always a right to monetary compensation against specific individuals rather than the world, and a suit may be filed the same way as for a valid contract. The main types of quasi contracts are for supplying necessities to those unable to contract, payments by interested parties, liability for non-gratuitous acts, responsibilities of finders of lost goods, and payments made by mistake or under coercion.
Quasi contracts are obligations imposed by law that are contained in Sections 68 to 72 of the Contract Act of 1872. They are based on the principle that no one should unjustly enrich themselves at another's expense. Quasi contracts do not arise from an agreement between parties but rather from a duty imposed by law. The right granted is always a right to monetary compensation against specific individuals rather than the world, and a suit may be filed the same way as for a valid contract. The main types of quasi contracts are for supplying necessities to those unable to contract, payments by interested parties, liability for non-gratuitous acts, responsibilities of finders of lost goods, and payments made by mistake or under coercion.
Quasi contracts are obligations imposed by law that are contained in Sections 68 to 72 of the Contract Act of 1872. They are based on the principle that no one should unjustly enrich themselves at another's expense. Quasi contracts do not arise from an agreement between parties but rather from a duty imposed by law. The right granted is always a right to monetary compensation against specific individuals rather than the world, and a suit may be filed the same way as for a valid contract. The main types of quasi contracts are for supplying necessities to those unable to contract, payments by interested parties, liability for non-gratuitous acts, responsibilities of finders of lost goods, and payments made by mistake or under coercion.
Quasi contracts are obligations imposed by law that are contained in Sections 68 to 72 of the Contract Act of 1872. They are based on the principle that no one should unjustly enrich themselves at another's expense. Quasi contracts do not arise from an agreement between parties but rather from a duty imposed by law. The right granted is always a right to monetary compensation against specific individuals rather than the world, and a suit may be filed the same way as for a valid contract. The main types of quasi contracts are for supplying necessities to those unable to contract, payments by interested parties, liability for non-gratuitous acts, responsibilities of finders of lost goods, and payments made by mistake or under coercion.
in Sections 68 to 72 of the Contract Act, 1872. BASIS OF QUASI CONTRACTS The quasi contracts are based on the maxim of ‘nemo debet locuplatari ex liena justua’, i.e., no man must grow rich out of another person’s costs. FEATURES OF QUASI-CONTRACTS a) It is imposed by law and does not arise from any agreement. b) The duty of a party and not the promise of any party is the basis of such contract. c) The right under it is always a right to money d) The right under it is available against specific person(s) and not against the world. e) A suit for its breach may be filed in the same way as in case of a complete contract. KINDS OF QUASI CONTRACTS 1. Supply of necessaries to persons incompetent to contract [Section 68] 2. Payment by an interested person [Section 69] 3. Liability to pay non-gratuitous acts [Section 70] 4. Responsibility of a finder of goods [Section 71] 5. Payment by mistake or under coercion [section 72]