Asked by
andres laboy
on Nov 01, 2024Verified
The quasi-contract concept involves the mutual assent of the parties.
Quasi-Contract
A legal concept where the court imposes a contractual obligation on a party who has not actually entered into a contract, to prevent unjust enrichment.
Mutual Assent
In contract law, the state of mind that exists between an offeror and an offeree once a valid offer has been accepted and once the parties know what the terms are and have agreed to be bound by them. Also known as “a meeting of the minds.”
- Differentiate between various types of contracts (bilateral, unilateral, express, implied-in-fact, and quasi-contracts).
Verified Answer
CV
Learning Objectives
- Differentiate between various types of contracts (bilateral, unilateral, express, implied-in-fact, and quasi-contracts).