Posted on by Judy

Explain how in the concept of quasi-contract that the requirement for consideration can be seen as being met.

In contract law consideration is a thing of value which is given by both parties involved in a contract. This value should be determinable on an objective basis. Consideration induces the parties involved in a contract to enter into the agreement.
Quasi contract is a contract that exists due to a court decree or order of court and not on the basis of agreement of the parties involved in the contract.
Requirement of consideration is met in a quasi contract through the doctrine of quantum meruit. For example if a quasi contract comes into existence due to a claim for unjust enrichment i.e. the defendant was enriched and this enrichment came at the plaintiff’s expense then the consideration for the defendant will be that the defendant will have to make restitution. Consideration for plaintiff is the service or the product supplied by the plaintiff to the defendant.
Thus in a quasi contract the requirement for consideration is met by the decree of court under the doctrine of quantum meruit.
 
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"

Related posts:

  1. 39. A federal district court has the power to decide a contract dispute lawsuit if A. the amount in dispute exceeds $75,000. B. the plaintiff and defendant are citizens of different states. C. the plaintiff and defendant are citizens of different states, and the amount in dispute exceeds $75,000. D. the plaintiff and defendant are citizens of different states, and the amount in dispute exceeds $50,000. 40. Which of the following is a method of alternative dispute resolution? A. Mediation B. Negotiated settlement C. Arbitration D. Mediation, Negotiated settlement, and Arbitration 41. Methods by which parties can gather evidence to prove their cases at trial include A. requests for admission B. hearsay C. requests for admission and interrogatories. D. interrogatories 42. Requests for production of documents can be directed to A. the judge in the case. B. witnesses who are not parties to the lawsuit. C. a plaintiff by a defendant, or a defendant by a plaintiff. D. none of the listed persons. 43. In the voir dire (jury selection) process, a prospective juror may not be challenged, due to A. the prospective juror’s bias B. the prospective juror’s race C. the prospective juror’s gender D. the prospective juror’s race or gender.
  2. Question: On what theory did the franchisees sue Carvel? Question: What must a plaintiff prove to win on this theory? Question: What does economic advantage mean? Question: How does this tort differ from tortious interference with contract? Question: What are the elements of tortious interference with contract? Question: In the Carvel case, what was the basis for the plaintiffs claim of economic advantage? What did Carvel do to upset the plaintiffs? Question: Did the court agree that this conduct amounted to tortious interference with prospective advantage? Why or why not?
  3. Why might you want to look at a path other than the courts? In negotiation and mediation a middle ground is attempted to be found. Arbitration is more like private court with both parties pleading the case before a neutral third party. Please explain which form you would want to use in each dispute listed below and why. 1. Contract dispute between 2 parties. 2. Insurance claim between one person and their insurance company. 3. Insurance claim between you and someone else’s insurance company. 4. A claim between you and a company over liability for injuries sustained in their store.
  4. Which of the following is a false statement? A. An offer for a unilateral contract generally may be able to be revoked at any time prior to the performance of the requested act. B. Under the objective theory of contracts, the courts will look at the subjective intent of the parties to determine if a contract was formed. C. A contract may be oral and be enforceable. D. The doctrine of quasi-contract attempts to prevent unjust enrichment when no contract actually exists