NOTES


CA-Foundation > Business Laws > The Indian Contract Act, 1872 - Quasi Contracts (Old & New)

Explain the meaning of ‘Quasi-Contracts’. State the circumstances which are identified as quasi contracts by the Indian Contract Act, 1872.



Ans.

• It should be noted that transfer of property in goods is distinct and different from delivery or possession of goods. The property may pass from the seller to buyer even without delivery of goods.

• It is elementary (basic) law of contract that parties may fix the time when the property (ownership) in goods shall be deemed to have passed.

• . It may be at the time of delivery of goods, or it may be at the time making final payment or even at the time of making of goods.

• The seller can sue for price only when the property in goods has passed to the buyer.


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Notes of The Indian Contract Act, 1872 - Quasi Contracts (Old & New)



  1. What do you understand by ‘Quasi-Contract’? Discuss.
    see in detail

  2. Explain the meaning of ‘Quasi-Contracts’. State the circumstances which are identified as quasi contracts by the Indian Contract Act, 1872.
    see in detail

  3. Zayn rent out his house situated at Mumbai to Lalit for a rent of ₹ 10,000 per month. A sum of ₹ 5 lakh, the house tax payable by Zayn to the Municipal Corporation being in arrears, his house is advertised for sale by the corporation. Lalit pays the corporation, the sum due from Zayn to avoid legal consequences. Referring to the provisions of the Indian Contract Act, 1872 decide whether Lalit is entitled to get the reimbursement of the said amount from Zayn.
    see in detail

  4. Yogesh holds agricultural land in Gujarat on a lease granted by Ramesh, the owner. The land revenue payable by Ramesh to The Government being in arrear his land is advertised for sale by the Government. Under the Revenue law, the consequence of such sale will be termination of lease. Yogesh, in order to prevent the sale and the consequent termination of his own lease, pays the Government, the sum due from Ramesh. Referring to the provisions of the Indian Contract Act, 1872 decide whether Ramesh is liable to make good to Yogesh, the amount so paid?
    see in detail

  5. Anmol promises to pay Biren ₹ 1 lakh if Biren's ship does not return. When can this promise be enforced?
    see in detail


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