Contingent and Qusai Contracts

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                            “CONTINGENT & QUASI CONTRACTS”

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Contents

  1. Contract.

  2. Types of contract.

  3. Contingent contract.

        • Definition.

        • Illustration.

  4. Essentials/characteristics of contingent contract.

  5. Rules regarding contingent contract.

        1. Uncertain event.

        2. Impossible event.

        3. Performance dependent on non-happening of event.

        4. Performance depending on particular individual.

        5. Events within fixed time.

        6. Dependence on impossible event.

  6. Examples of contingent contract.

  7. Quasi contract.

        • Definition.

        • Condition or contractual obligation.

              1. Supply of necessaries.

              2. Payment by an interested person.

              3. Condition of liability under the section.

              4. Liability to pay for non-gratuitous.

              5. Finder of goods.

              6. Right of a finder of goods.

              7. Liabilities of a finder of goods.

              8. Mistake or coercion.

    8. Examples of quasi contract.

Contract:

‘A contract is an agreement between two or more person to do or not to do some particular thing, such agreement being enforceable at law’.

                                                                                    CONTRACT

Formation basis                               Performance basis                                 Validity basis                               Special basis

Express contract                               Executed contract                     Valid contract                                       Bailment contract

Implied contract                                 Executory contract                   Void contract                                       Indemnity contract

Quasi contract... [continues]

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