Qusai Contract Flashcards

1
Q
  1. What is a quasi contract?
A
  • A quasi contract is created by law based on the principle of equity, where no one should benefit at the expense of another.
  • It is not an actual contract between parties.
  • Alo known as constractive Contract
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2
Q
  1. When can the supplier of necessities to a minor or person of unsound mind recover the reasonable price?
A
  • The supplier can recover the reasonable price if they provide necessities of life to a minor, lunatic, or their dependents.
  • The amount can be recovered from the property of the minor or person of unsound mind, as they are not personally liable and cannot be declared insolvent.
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3
Q
  1. Under what conditions can an interested person recover money paid for another person?
A
  • An interested person can recover the amount paid if it was for a legal obligation that the other person was bound by law to pay.
  • The payment should be made for the protection of the interested party’s own interest.
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4
Q
  1. What are the conditions for a non-gratuitous act to be eligible for recovery of price for goods or services provided?
A
  • The act must be done lawfully.
  • The act must be non-gratuitous, meaning it is not done as a favor or gift.
  • The other party must have enjoyed the extent of the act, benefiting from the goods or services provided.
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5
Q
  1. What are the responsibilities and rights of a finder of goods?
A

Responsibilities:
- The finder of lost goods must take reasonable care of the goods, treating them as if they were their own.
- The finder must take steps to trace the true owner of the goods.

Rights:
- The finder has the right to retain the goods until the true owner is found.
- In cases where the goods are perishable or the lawful charges amount to 2/3rd or exceed the value of the goods, the finder can sell the goods.

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6
Q
  1. What is the obligation of a person who receives money or goods by mistake or under coercion?
A
  • The person who receives money or something delivered by mistake or under coercion must repay or return it to the rightful owner.
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7
Q
  1. A quasi contract is:
    a) An actual contract between parties
    b) A contract based on mutual agreement
    c) Created by law on the basis of equity
    d) A contract with explicit terms and conditions
A

Answer: c) Created by law on the basis of equity

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8
Q
  1. When can a supplier of necessities to a minor or person of unsound mind recover the reasonable price?
    a) When the minor or person of unsound mind personally guarantees payment
    b) When the minor or person of unsound mind declares insolvency
    c) When the supplier obtains a court order for payment
    d) When the supplier supplies necessities of life to the minor or person of unsound mind
A

Answer: d) When the supplier supplies necessities of life to the minor or person of unsound mind

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9
Q
  1. Under what conditions can an interested person recover money paid for another person?
    a) If the payment was made as a gift
    b) If the other person refuses to pay
    c) If the payment was made for the protection of the interested person’s own interest
    d) If the payment was made under coercion
A

Answer: c) If the payment was made for the protection of the interested person’s own interest

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10
Q
  1. A non-gratuitous act is eligible for recovery of price when:
    a) The act is done unlawfully
    b) The act is done as a favor or gift
    c) The act is done lawfully and the other party has enjoyed its benefits
    d) The act is done without any expectation of compensation
A

Answer: c) The act is done lawfully and the other party has enjoyed its benefits

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11
Q
  1. What are the rights of a finder of lost goods?
    a) The right to keep the goods indefinitely
    b) The right to sell the goods without any obligations
    c) The right to retain the goods until the true owner is found
    d) The right to dispose of the goods as they please
A

Answer: c) The right to retain the goods until the true owner is found

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12
Q
  1. What is the obligation of a person who receives money or goods by mistake?
    a) To keep the money or goods without any obligations
    b) To use the money or goods for personal benefit
    c) To repay or return the money or goods to the rightful owner
    d) To claim ownership over the money or goods
A

Answer: c) To repay or return the money or goods to the rightful owner

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