Do you have any idea what it is Quasi Contract and what its objectives are? It is also essential for the UPSC exam study material. Further, in this article, we have covered all information on Quasi Contract meaning, types of Quasi Contract, example, and all other vital details. For the exams like the IAS exam and other competitive exams, one must understand some of the essential contracts, acts, and organizations. However, in this article, you will be learning about Quasi Control.
Quasi Contract Meaning
To begin with, what is Quasi Contract mean? It is also called a constructive contract, a fictional contract that a court recognizes. Further, the word Quasi means pseudo, so it means pseudo-contract. Besides, the core principles behind a Quasi Contract are justice, equity, and good conscience. It is based on the maxim: “No man must grow rich out of another persons’ loss.” If not everything, understanding the main points is essential for the exam.
In this case, one must know the meaning and types of the Quasi Contract. Further, to understand how questions are present in the exam, one can give mock tests or refer to the previous year’s papers. However, as the IAS main paper is descriptive, one needs to study and cover everything. Besides, if you are looking for complete information on the IAS exam, read More here; you will get all the necessary details.
However, one can visit the official website for more information on the UPSC. Click Here as you will find all the essential information on the exam.
Further, Quasi-Contract can be traced to the medieval form of action known as indebitatus assumpsit. The form of action known as indebitatus assumpsit came to include various sub-forms known as the common money counts. Further, some of the developments of the law of Quasi-Contract included are:
- actions for money had and received to the plaintiff’s use
- actions for money paid to the defendant’s use
- quantum meruit, and quantum valebat.
Features of Quasi Contract
Below we will look into some of the features of the Quasi Contract.
- the quasi-contracts provide the right to the money.
- In the first place, it is an obligation that is enforced by law upon the party for the profit of another party. Besides, outcome of such obligations is similar to those resulted out of a regular contract.
- Further, the foundation of the Quasi Contract is duty of a party and not the promise of the party.
- These kind of contracts are not from an agreement, but they are imposed by law.
- Right is entitled to the party against the specific person only and not against the entire world. Further, the party may file suit for breach using the same process as in the case of an ordinary contract.
Quasi Contract Example
Let us understand by looking into some of the examples on the Quasi Contract. As we all know, a Quasi Contract is something that is acquired by one party at the expense of another party. Further, the court creates these to avoid unjust enrichment of any party’s overpayment against good or service.
- When you order perishable items online by giving the correct address and paid the amount. Further, at the time of delivery of the goods, a delivery man delivers it to the wrong address. Then, the receiving party instead of not taking order, they will accept the order and consumes the same.
- Later, the case went to court and the court then ordered to issue a quasi-contract. According to that the recipient must pay back the cost of the item to the party who actually paid initially. Therefore, in this case, the profits of the items have been enjoyed by the receiver, so such a receiver is bound to give compensation to the former party.
Kinds of Quasi Contract
Now let us understand the types of Quasi Contract.
Section 68 – Necessaries Supplied to Persons Incapable of Contracting
It states that if any person cannot enter into any contract, and supplies are provided to him or anyone to whom the incapable person is legally bound to support by the third party. Further, the supplier third party is responsible for recovering suppliers’ price from the unable person’s property.
Example – A supplies B, a lunatic, with necessities suitable to his life condition. A is entitled to be reimbursed from B’s property.
Section 69 – Payment by an Interested Person
It states that in case if any person is interested in making the payment on behalf of another person who is bound to pay by the law. Then, that person who made the payment is responsible for getting reimbursement from another party.
Section 70 – Obligation of Person enjoying the benefits of a Non-Gratuitous Act
It states that if a person is doing anything lawfully or delivering to someone without the intention of doing so and another person enjoys profits of the good delivered. In this case, another person is liable to pay compensation to the former for the act or goods received.
Example – If a person called “X” levels some items at “Y” house by mistake. “Y” treats goods as his own.
Section 71 – Responsibility of Finder of Goods
It says that if a person finds goods that belong to another person and takes such goods into his custody, then the former is entitled to responsibility the same as that of a bailee.
Section 72 – Money paid by Mistake or Under Coercion
It says that a person gave the money or delivered it by mistake. Further, he must repay one must return same.
Example – “X” pays some money to “Y” by mistake. It is due to “Z.” “Y” must refund the money to “X.” “Z,” however, cannot recover the amount from “Z” is no privity of contract between “Y” and “Z.”
Quasi Contract prevents taking advantage of one party over the cost of other parties as it is based on the rule of Unjust Enrichment. Further, it is from the court. Therefore, none of the parties present an attempt to disagree with such orders. Therefore, everyone involved must follow it. Further, we have tried to cover all the important details. However, one can visit the official site, if at all you require more details. But, with respect to the exam, we have covered all the important points, you can write down and study for the exam.
Conclusion – Quasi Contract
In summary, the above article has covered all information related to the Quasi Contract meaning, types of Quasi Contract, and advantages of the same. It is essential to understand such contracts that may help you in a particular phase of life. Further, the article provides you with the essential information, and you will understand the meaning of the Quasi Contract and how it works. Further, as a part of UPSC exam study material, one needs to know as it is vital for the exam. Therefore, make sure that you have understood all points and have noted down all points while reading the article. It will help you during the exam. Then, to clear the exam, one must plan properly and understand the exam syllabus and the pattern of the paper.
Further, we have added all the essential study materials for the UPSC exam. You can click here for more information on the same. As we all know, the IAS exam difficulty, it is essential for one to cover the entire syllabus so that one can get the best results in the exam. Besides, one must refer to the previous year’s question papers to help you understand the paper pattern and the exam syllabus.
FAQs – Quasi Contract
Further, check out FAQs on the topic below
A responsibility imposed by law to prevent unjust enrichment.
The term”“quasi-contracts”” refers to an agreement that exists between two parties who have not previously had obligations to each other.
You have purchased some perishable items online, and you have paid the bill, provided the address. Further, at the time of delivery of the goods, a delivery man delivers it to the wrong address. However, the delivery boy delivers it to the incorrect address, the receiver, instead of returning them, keeps the items.
Editor’s Note | Quasi Contract
In the above article, you will go through all details like Quasi Contract example, types of Quasi Contract, advantages, and other important information. After reading this article, you will be having a clear understanding of the Quasi Contract. As a point of the IAS exam, one needs to know all the essential information. However, one can’t understand the complete information of the concept. But, one can refer to the previous year’s question papers that will help you to know which are the essential topics. Further, don’t forget to make a note of all important points. It will help you during exam time. Later, we have added some essential links that will provide you with important notes for the IAS exam.