Question Scenario
Explain the-term ‘Quasi Contracts’ and state their characteristics/features.
Estimated Writing Time: 5 mins Try in Practice Mode
Source: 6)b)i)3m,MTP1,Sept2025, 6)b)i)3m,May2025, 6)b)6m,MDTP7, 6)b)6m,MTP1,Jan2025, RTP,June2024, 6)a)5m,MTP2,June2022, 6)a)5m,Dec2021, 6)b)5m,MTP2,Dec2021, RTP,Dec2020, ICAI Module3 Marks
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Quasi Contracts: Already explained in Answer – 1
The salient features of a quasi contract are:
1. It does not arise from any agreement of the parties concerned but is imposed by law.
2. Duty and not promise is the basis of such contract.
3. The right under it is always a right to money and generally though not always to a liquidated sum of money.
4. Such a right is available against specific person(s) and not against the whole world.
5. A suit for its breach may be filed in the same way as in case of a complete contract.
Exam Strategy Tip
When answering law questions in the CA Foundation exam, follow the "Provision -> Facts -> Conclusion" structure for maximum marks. Ensure to state the relevant sections where applicable to earn bonus marks from the evaluator.
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