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Questions and Answers
What is a characteristic of a legal agreement?
What is a characteristic of a legal agreement?
In a quasi contract, the obligation is imposed by:
In a quasi contract, the obligation is imposed by:
What distinguishes a quasi contract from an implied contract?
What distinguishes a quasi contract from an implied contract?
What is a characteristic of a legal agreement?
What is a characteristic of a legal agreement?
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In a quasi contract, what does the court do?
In a quasi contract, what does the court do?
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What distinguishes a quasi contract from an express contract?
What distinguishes a quasi contract from an express contract?
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Study Notes
Characteristics of Legal Agreements
- Legal agreements must have clear terms and mutual consent for them to be enforceable.
- Must involve competent parties who have the legal capacity to enter into an agreement.
Quasi Contract Obligations
- Obligations in a quasi contract are imposed by law to prevent unjust enrichment.
- Courts recognize these obligations even without an actual agreement between parties.
Quasi Contract vs. Implied Contract
- A quasi contract is imposed by law while an implied contract is created based on the parties' conduct and circumstances.
- Implied contracts arise from mutual intentions that can be inferred, whereas quasi contracts do not require intent.
Court Role in Quasi Contracts
- In the case of a quasi contract, the court will enforce an obligation to ensure fairness and prevent one party from benefiting unfairly at another's expense.
- Courts assess the circumstances to determine appropriate compensation for the aggrieved party.
Quasi Contract vs. Express Contract
- An express contract is explicitly stated and agreed upon by both parties, with clear terms and conditions.
- In contrast, a quasi contract exists without any formal agreement; it is imposed by the court based on equitable principles.
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Description
Test your knowledge of legal agreements and quasi contracts with this quiz. Explore the characteristics of legal agreements, the imposition of obligations in quasi contracts, and the distinctions between quasi contracts and implied contracts.
