Chartered Accountancy

CPT Course

Session 1, Section B
Mercantile Law

Lecture 11 Contingent and Quasi Contract

Quick Revision Notes

1
What is Contingent Contract?
Contingent contract is a contract to do or not to do something,
if some event collateral to such contract, does or does not
happen, for e.g. contracts of insurance

3
What is Quasi Contract?

2
1.
2.
3.
4.

Rules relating to enforcement

Enforcement of contract contingent on an event
happening
Enforcement of contract contingent on an event nonhappening
When shall an event on which contract is contingent
be deemed impossible, if it is the future conduct of a
living person
Agreement contingent on impossible event

Cases where obligation is imposed by law upon a person for the

benefit of another even in the absence of a contract, are know as
quasi contract

Types of Quasi Contracts

1.
2.
3.
4.
5.

Claim for necessaries supplied to persons incapable of

contracting
Right to recover money paid for another person
Obligation of a person enjoying benefits of non-gratuitous
act
Responsibility of a finder of goods
Liability for money paid or thing delivered by mistake or
under coercion

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