What is quasi contract explain its types
Because a quasi contract is not a true contract, mutual assent is not necessary, and a court may impose an obligation without regard to the intent of the parties. When a party sues for damages under a quasi-contract, the remedy is typically restitution or recovery under a theory of quantum meruit. Liability is determined on a case-by-case basis. These types of contracts are quasi-contract or restitution that fall in the third category of quasi-contracts or restitution. The procedural term ‘quantum meruit’ has persisted and is sometimes used as a synonym for the more general term ‘ quasi-contract’ which refers to any money claim for the redress of unjust enrichment. We call such contracts quasi contract. Let us take a look. Quasi Contract. The word ‘Quasi’ means pseudo. Hence, a Quasi contract is a pseudo-contract. When we talk about a valid contact we expect it to have certain elements like offer and acceptance, consideration, the capacity to contract, and free will. But there are other types of