The maxim behind quasi-contract holds that no one should:
ASue without a witness
BProfit from any promise
CGain by another's loss
DRefuse a fair price
Answer & Solution
Correct answer: C. Gain by another's loss
Quasi-contract prevents unjust enrichment, based on the Roman idea that none should gain by another's loss.
Keep practising Nature of Contracts
Browse all Nature of Contracts questions for CA Foundation, or explore more Businesslaw topics.
Related questions
England passed the Statute of Frauds, favouring written contracts, in:Obligations that are voluntarily undertaken and owed to specific persons are traditionallyA peppercorn in contract law is an example of:If the law does not require a contract to be written, an oral contract is generally:An agreement to agree on key terms later is:In commercial agreements, the presumption is that the parties intend to:Domestic agreements between parent and child are typically:Mutual assent in forming a contract is also called a: