Quasi Contract

OVERVIEW

In this, we are going to discuss quasi-contract which is the other law under the Indian Contract Act 1872, which is based on the principle of unjust enrichment, in which the court stops persons from taking benefits on others property, goods, etc. Let us see more about this topic in brief. Let us begin with the meaning of quasi-contract in brief. Let us start.

QUASI CONTRACT

 Quasi contract is an implied contract that is not made by the people but acts as a contract. This law acts as a remedy that resolves a dispute between two parties who do not have any contract. A quasi-contract is not a traditional contract, it is decided by the court to compensate one party by the other who unjustly enriched on others things. The main purpose of quasi contract is to pay back or compensate others who had suffered loss knowingly or unknowingly from giving something that had value without any agreement between the parties. Under quasi-contract, there are some provisions which include section 68 to section 72 of the Indian Contract Act, 1872. Let us discuss below.

PROVISIONS OF QUASI-CONTRACT

There are some provisions under quasi-contract which are from sections 68 to 72 which we will discuss below to understand what clauses are given in these provisions. Let us start.

• Section 62:  under this a person who is incapable of making a contract can supply through a third party on behalf of anyone who is appointed legally. That third party can recover the price of the things that he had supplied on behalf of an incapable person from his property.
• Section 69: under this if a person pays money on behalf of another person then he can reimbursement from that person. 
• Section 70: under this when a person does something for another person without gratuitously the receiver party is entitled to compensate that person.
• Section 71: under this a person who find goods of other person held liable to take ownership and perform act and responsibility as a bailee.
• Section 72: under this if a person paid something under coercion, or mistakenly then the another will held liable to repay the same amount to that person.

CONCLUSION

In this topic we have learnt about another type of contract which is not bind by the parties or not any agreement is made in between the persons. It is just a principle which has been made to prevent the conduct of unjust enrichment because persons take advantage through the another person from taking their goods, property, etc. to give justice to the aggrieved party this principle is made. Through which they can get compensation through the help of the court.

REFERENCES

https://www.toppr.com/guides/business-laws/indian-contract-act-1872-part-ii/quasi-contract