Which of the Following Statements Is True of the Doctrine

question 30

Multiple Choice

Which of the following statements is true of the doctrine of quasi-contract?

• A) Agreement between parties to a quasi-contract has been inferred from their conduct.
• B) It is an equitable doctrine intended to prevent unjust enrichment.
• C) It applies only where there is an enforceable contract between the parties.
• D) It allows a court to award monetary damages to a defendant because no actual contract existed between the parties.

Grasp the basics of inorganic chemistry, focusing on elements like oxygen and their bonds.

Understand the principles of chemical equilibrium and reactions in biological systems.

Comprehend the properties and behavior of water in biological contexts.

Understand the fundamental concepts of biochemistry, including synthesis, catabolism, and the role of enzymes.

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Definitions:

Leased Equipment

Assets obtained for use by leasing rather than purchasing, allowing companies to use equipment without owning it.

Depreciation Expense

The allocated amount of the cost of an asset expensed each period over its useful life, reflecting wear and tear or obsolescence.

Rent Expense

Rent Expense is the cost incurred by a company or individual for the use of a property or equipment.

Capital Lease

A lease agreement that is classified as a purchase of an asset for accounting purposes, as it meets specific criteria set out in accounting standards.