Which of These Is an Instance of a Quasi Contract

question 33

Multiple Choice

Which of these is an instance of a quasi contract?

• A) an employee receiving his or her paycheck every month
• B) an unconscious man being nursed at a hospital, having been brought in by a passer-by
• C) two companies signing a business agreement that spans an undefined duration
• D) a woman hiring a caterer only after the caterer promises to deliver the food on time

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Definitions:

Dividends Paid

The sum of money distributed to shareholders from a company's earnings.

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenues.

Retained Earnings

Profits that have been reinvested in a company rather than paid out to shareholders as dividends, typically used for business growth or debt payment.

Plant Expansion

Plant expansion involves increasing the capacity or efficiency of a company’s production facilities, often requiring significant capital investment and strategic planning.