Quasi Contract
🏦 Banking
Quick Definition
A quasi contract is a legal concept where a court enforces an obligation between parties as if they had a contract, even though no actual contract exists, to prevent unjust enrichment.
Examples
- 1A homeowner mistakenly receives and uses building materials that were intended for a neighbor. The court may require the homeowner to pay for the materials to prevent unjust enrichment.
- 2A person pays another person's debt by mistake. The debtor may be required to reimburse the payer, even without a prior agreement.
- 3A healthcare provider mistakenly provides care to a patient believing they are insured. The patient may be required to pay for the services received to avoid unjust enrichment.
Tags
quasi-contractlegal-conceptscontract-enforcementjusticecourt-order
Quick Info
Category:Banking
Difficulty:intermediate
Last Updated:6/20/2025