Quasi-contract

What is a Quasi-contract?

A Quasi-contract is a legal construct that the court implements to impose obligations on parties as if a contractual agreement exists, even if no formal contract was made. This legal concept is used to prevent one party from being unjustly enriched at the expense of another.

Short Description: A legal construct that treats parties as though a contract exists to prevent unjust enrichment.

• Unjust Enrichment: Prevents one party from unfairly benefiting at the cost of another without compensation.
• Equitable Remedy: The court's decision aims to restore fairness in transactions lacking a formal contract.
• Implied by Law: Unlike express or implied-in-fact contracts, quasi-contracts are applied by the law for justice and fairness.

While quasi-contracts do not arise from mutual consent or promising actions, they ensure a form of justice where the absence of a formal agreement would lead to inequity.