Quasi contracts, also known as implied-in-law contracts, refer to a legal agreement that is imposed by the court in the absence of a formal written contract. In other words, it is a legal obligation that arises from the conduct of the parties involved rather than an actual agreement. While quasi contracts are not actual contracts, they are sometimes enforced to prevent unjust enrichment of one party at the expense of another.
An example of a quasi contract is when a contractor performs work on a property owner`s land without an official agreement or contract in place. Even though there was no formal written contract, the contractor still provided services and the property owner accepted the work. In this scenario, the court may enforce a quasi contract to ensure the contractor is compensated for their services, even though there was no formal agreement in place.
Another example of a quasi contract is when one party provides goods or services to another with the expectation of payment but does not receive payment. In this situation, the court may impose a quasi contract to ensure the non-paying party compensates the party providing the goods or services.
It is important to note that quasi contracts are typically only enforced when there is no actual contract in place and there is no other legal remedy available. In some cases, a party may argue that a quasi contract existed when an actual contract was in place in an attempt to obtain additional compensation. However, this argument is typically not successful as courts will generally uphold the actual contract between the parties.
In summary, a quasi contract refers to a legal obligation that arises from the conduct of the parties involved rather than an actual agreement. Examples of quasi contracts include situations where work was performed without an official agreement in place or where goods or services were provided without payment. While quasi contracts are not actual contracts, they can still be enforced by the court in certain situations to prevent unjust enrichment.