CAF-4 · Chapter 7 · Question 5 of 12
Which of the following is NOT a characteristic of a 'quasi-contract'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) It is based on a formal agreement between parties.
Explanation
Quasi-contracts (relations resembling contracts) are NOT based on any agreement or offer/acceptance; they are created by law to prevent injustice.
More Contingent and quasi-contracts MCQs
- Q7A person to whom money has been paid, or anything delivered, by 'mistake' or under 'coercion', must:
- Q8Where a person lawfully does anything for another person, not intending to do so 'gratuitously' (for free), and such other person enjoys…
- Q9If an agreement is discovered to be void, any person who has received any advantage under such agreement is bound:
- Q10Azam, a tradesman, leaves goods at Babar's house by mistake. Babar treats the goods as his own and consumes them. Is Babar bound to pay…
- Q11A contingent contract to do something if a specified uncertain event DOES NOT happen within a fixed time can be enforced when: