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Quasi-contracts

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Updated: Aug 20, 2021

These occur when, although no proper contract exists, a court considers that one person has an obligation to another. One could arise for instance from an illegal contract, where the court allows one party to recover money paid even though the contract was void.

Reference: The Penguin Business Dictionary , 3rd edt.


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James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.