What is Quasi Contract ? Definition And Meaning

Quasi Contract – We have seen the a contract is the result of an agreement enforceable by law. But in some cases there is no offer, no acceptance, to consensus ad-idem and in fact no intention of the part of parties to enter into a contract and still the law, from the conduct and relationship of the parties, implies promise imposing obligation on the one party and conferring a right in favor of the other. In other words, under certain special circumstances obligations resembling those created by a contract are imposed by law although the parties have never entered into a contract. Such obligations imposed by law are referred to as ‘Quasi-Contracts’ or ‘Constructive Contracts’ under the English law, and “certain relations resembling those created by contracts” under the Indian law. Quasi Contract