quasi contract definition

quasi contract

Court's determination of an obligation of one party to another where no actual contract exists. It is based on the parties' conduct, mutual relationship, and/or on the possibility that one would be unjustly enriched at the expense of the other. In strict legal terms a quasi contract does not constitute a formal contract, but is a legal remedy that allows a plaintiff to recover an award or benefit conferred on the defendant.

quasi contract is in the Corporate, Commercial, & General Law subject.

quasi contract appears in the definition of the following term: unjust enrichment

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