Professional Documents
Culture Documents
Q2(a) What are the types of Quasi-Contract under the Indian Contract Act?
A quasi-contract is established out of a court order with the goal of not allowing one
party to obtain an unfair advantage out of the situation at the expense of other
parties. These are created by the court to prevent unfair enrichment of any party that
overpays for a commodity or service. Because the court establishes standards, no
party may dispute with them, and they must adhere to them.
Section 68 - It states that if a person is unable to engage into a contract and supplies
are supplied to him or anybody to whom the incapable person is legally obligated to
support by a third party, the third party has the right to recover the price of such
provider from the incapable person's property.
Section 69 - Section 69 says that if a person has a financial interest in making a
payment and does it on behalf of another person who is required to pay by law, the
person who made the payment is entitled to repayment from the other party.
Section 70 - It indicates that if a person performs something legitimately for another
person or makes a delivery without intending to do so gratuitously, and the receiving
party has reaped the advantages of the same. The receiving party is then obligated
to compensate the previous party.
Section 71 - Section 71 stipulates that if a person discovers items belonging to
another party and takes them into custody, the former bears the same duty as a
bailee.
Section 72 - It indicates that if someone is paid or delivered in error or under duress,
he must reimburse or return the money.