Quasi Contract Is Another Name for a Contract That Is

question 13

True/False

Quasi contract is another name for a contract that is implied in fact.

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Definitions:

Cash Outflow

Money going out of a business or individual's account, typically to pay for expenses, investments, or acquisitions.

Net Working Capital

Net working capital refers to the difference between a company's current assets and its current liabilities.

Overhead Expenses

Ongoing business costs not directly tied to creating a product or service but necessary for running the business, such as rent, utilities, and administrative expenses.

Foregone Depreciation

The concept relating to the depreciation that could have been claimed for tax purposes but was not, often due to timing or election of different tax treatments.