A Quasi-Contract Is​

question 16

Multiple Choice

A quasi-contract is​

• A)a bilateral contract.
• B)a contract that meets four of the six basic requirements of a contract.
• C)not a contact at all, but an improper attempt at a contract that is void.
• D)not a true contract at all, but an obligation created by law.

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Definitions:

Lease Assignment

The transfer of lease rights and obligations from the original tenant to another party.

Renewal Term

The period for which a contract or agreement, such as a lease or license, is extended beyond its original term.

Unpaid Rent

The amount of money that a tenant owes to a landlord for occupying property or space that has not been paid by the due date.

Surrender Agreement

A legal document outlining the terms under which one party agrees to surrender rights, property, or interest to another party.