Qusai Contract
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Quasi Contract
Analysis of Case Studies
Business Law
Submitted to: Mr. Atta Ullah
Submitted By: Sunnia Farrukh
Submitted on: January 27, 2012
BBA-III (Regular)
Fatima Jinnah Women University
Contents Contract 3 Formation of Contract 3 Kinds of Contracts 3 Quasi Contract 4 Salient Features of Quasi Contract: 4 Conditions of Quasi Contract 4 Supply of Quasi Contract 5 Payment by an Interested Person: 5 Liability to pay for Non-Gratuitous Acts 6 Finder of Goods 7 Mistake or Coercion 7 Examples of Quasi Contract 8 Case Studies on Quasi Contract 8 Case Study 1 8 Case study 2: 9 Case Study 3 10 Case study 4 10 References: 11
Contract
A contract is a legally enforceable agreement between two or more parties. The core of most contracts is a set of mutual promises (in legal terminology, "consideration"). The promises made by the parties define the rights and obligations of the parties.
Example:
Developer promised to pay Graphic Designer $5000 for creating certain promotional materials for Developer 's multimedia work. Graphic Designer created the materials and delivered them to Developer, as required in the contract. Developer admits that the materials meet the contract specifications. If Developer does not pay Graphic Designer, Graphic Designer can go to court and get a judgment against Developer for breach of contract.
Formation of Contract
Following are the four stages in formation of contract * Proposal * Acceptance * Promise or agreement * Contract
Kinds of Contracts
The topic that I am going to describe is Quasi Contract.
Quasi Contract It is based on principle of equity that no one shall be allowed to become rich unjustly at the expenses of another. A Quasi contract is one which is not based on agreement of the parties but is created by law whereby an obligation is imposed on one party and an action is allowed to be brought by another party.
It is an obligation that the law
Quasi Contract
Analysis of Case Studies
Business Law
Submitted to: Mr. Atta Ullah
Submitted By: Sunnia Farrukh
Submitted on: January 27, 2012
BBA-III (Regular)
Fatima Jinnah Women University
Contents Contract 3 Formation of Contract 3 Kinds of Contracts 3 Quasi Contract 4 Salient Features of Quasi Contract: 4 Conditions of Quasi Contract 4 Supply of Quasi Contract 5 Payment by an Interested Person: 5 Liability to pay for Non-Gratuitous Acts 6 Finder of Goods 7 Mistake or Coercion 7 Examples of Quasi Contract 8 Case Studies on Quasi Contract 8 Case Study 1 8 Case study 2: 9 Case Study 3 10 Case study 4 10 References: 11
Contract
A contract is a legally enforceable agreement between two or more parties. The core of most contracts is a set of mutual promises (in legal terminology, "consideration"). The promises made by the parties define the rights and obligations of the parties.
Example:
Developer promised to pay Graphic Designer $5000 for creating certain promotional materials for Developer 's multimedia work. Graphic Designer created the materials and delivered them to Developer, as required in the contract. Developer admits that the materials meet the contract specifications. If Developer does not pay Graphic Designer, Graphic Designer can go to court and get a judgment against Developer for breach of contract.
Formation of Contract
Following are the four stages in formation of contract * Proposal * Acceptance * Promise or agreement * Contract
Kinds of Contracts
The topic that I am going to describe is Quasi Contract.
Quasi Contract It is based on principle of equity that no one shall be allowed to become rich unjustly at the expenses of another. A Quasi contract is one which is not based on agreement of the parties but is created by law whereby an obligation is imposed on one party and an action is allowed to be brought by another party.
It is an obligation that the law
References: * http://law.jrank.org/pages/9603/Quasi-Contract.html * http://ca4all.blogspot.com/2011/05/quasi-contracts-section-68-72.html * BOOK: Business Law BY Qazi Awais Amin * http://www.answers.com/topic/quasi-contract