Quasi Contracts Are Used to Provide a Remedy When the Parties

question 12

Multiple Choice

Quasi contracts are used to provide a remedy when the parties enter into a(n) :

• A) void contract.
• B) implied in fact contract.
• C) situation in which promissory estoppel applies.
• D) All of these.

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Definitions:

Tax Rebate

A refund to taxpayers when the amount of taxes paid is greater than the amount of tax owed.

Consume

To consume means to use up goods or services for personal needs or interests, playing a role in the economy through the demand for products and services.

Discretionary Fiscal Policy

Government policy actions, like changing tax rates and spending levels, aimed at influencing economic activity based on current conditions.

Legislative Decision-Making

The process by which elected representatives create, modify, or repeal laws within a governmental legislative body.