Question

Discuss the difference between contingent contract and quasi contract ?

Answer 1

The difference between contingent and the quasi-contract is;

The contingent contract often occurs when the parties that are involved in a negotiation fails to reach an agreement. The conditions and events that may occur make terms of these contact not to be final.

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.

Answer 2

This is a contingent contract. he word contingent ordinarily means 'subject to chance'. ... However, a quasi-contract may be defined as, “a transaction in which there is no contract between the parties; the law creates certain rights and obligation between them which are similar to those created by a contract.