Quasi-Contract
A quasi-contract is a legal concept that occurs when a court recognizes a situation where one party benefits at the expense of another, even though there isn't a formal agreement between them. The law steps in to prevent unjust enrichment by requiring the benefitting party to compensate the other. For example, if someone accidentally receives services or goods, they might be obliged to pay for them even though no contract was established. Quasi-contracts help ensure fairness in situations where one party would unfairly profit from another's loss without a proper agreement.
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A quasi contract is a legal concept where a court enforces an obligation that isn't based on an actual agreement between parties. Instead, it arises when one party benefits at the expense of another, and it's unfair for the benefiting party to keep that advantage without compensating the other. Essentially, the court steps in to prevent unjust enrichment, ensuring that fairness prevails. This type of contract often occurs in situations like receiving emergency services or accidental benefits, where no formal contract exists but fairness and equity require a remedy.