Quasi-contract

A quasi-contract (or implied-in-law contract or constructive contract) is a fictional contract created by courts for equitable, not contractual, purposes. A quasi-contract is not an actual contract, but is a legal substitute formed to impose equity between two parties. The concept of a quasi-contract is that of a contract that should have been formed, even though in actuality it was not. It is used when a court finds it appropriate to create an obligation upon a non-contracting party to avoid injustice and to ensure fairness. It is invoked in circumstances of and is connected with the concept of restitution.

Generally the existence of an actual or implied-in-fact contract is required for the defendant to be liable for services rendered, and a person who provides a service uninvited is an officious intermeddler who is not entitled to compensation. "Would-be plaintiffs cannot deliver unordered goods or services and demand payment for the benefit....A corollary is that one who does have an enforceable contract is bound by the contract's terms: subject to a few controversial exceptions, she cannot sue for restitution of the value of benefits conferred..." However, in many jurisdictions under certain circumstances plaintiffs may be entitled to restitution under quasi-contract (as in the example of Oklahoma below). They are used as remedies for unjust enrichment, management of another's affairs (negotiorum gestio), or payment of a thing not due (indebiti solutio).

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Latest News for: quasi-contract

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Currency in Circulation Declines First Time in 2 Years, Now 89.63% of COB

This Day 31 Mar 2025
The broader money supply (M2) also contracted, falling to N110.307 trillion in February from N110.93 trillion in January. Quasi-money, which includes near-money assets like savings deposits and money ...
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Relatable Mom

The Atlantic 30 Mar 2025
The term I used in conversation, when I was violating the NDA I’d signed—I did this both sparingly and at regular intervals—was ghostwriter, but manager was the word in my contract ... “The way my contract is set up—trust me, I can’t.”.
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Sports Illustrated to roll out athletics-linked wagers market

The Spokesman-Review 26 Mar 2025
The platform, which will be known as SI Predict, joins a growing field of quasi-betting exchanges, including Polymarket and Kalshi, which offer products based on derivatives contracts ... SI Predict’s products “are akin to futures contracts,” Stott said.
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UNR used controversial funding to fast-track business building, but at what risk?

Reno Gazette Journal 14 Mar 2025
“We signed a contract at a fixed price with the university and our team will deliver at the price we committed.” ... “We are eager for the court to provide a clear definition of the contract for both parties to adhere to.”.
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Editorial: Upbeat Ato presents 2025 Budget statement fulfilling vital promises

B & FT Online 12 Mar 2025
The sector faces declining output and financing challenges characterised by unsustainable debt, rollover contracts and quasi-fiscal expenditures including cocoa roads – a non-core function.
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