Question

Discuss the difference between contingent contract and quasi contract ?

Answer 1

For example, A contracts to pay to B Rs. 10,000 if B's house is burnt. This is a contingent contract. A Quasi Contract is an obligation that the law creates in the absence of an agreement between the parties. A quasi contract is a contract that exists by order of a court, not by agreement of the parties.

Answer 2

Explanation:

The contingent contract often occurs when the parties that are involved in a negotiation fails to reach an agreement.

• The quasi-contract, on the other hand, maybe when there is no agreement made by the parties and it exists as a result of court order.