Question

what is contingent and quasi contracts?​

Answer 1

Answer:

Contingent Contract• When the performance of a contract is not immediately due but it becomes so only after the happening or non-happening of some contingency (ie some uncertain event) it is known as Contingent Contract. ... It is a conditional contract.

Answer 2

Answer:

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.