Examlex
Which of the following statements is true?
Quasi-contract
An obligation imposed by law to prevent unjust enrichment, where the court enforces a contractual obligation on parties who have not agreed to enter into a contract.
Rescission
The legal act of voiding a contract and returning all involved parties to their pre-contractual positions, often due to misrepresentation, fraud, or error.
Compensatory
Referring to a form of damages awarded to a plaintiff in a lawsuit to compensate for lost items, damage, or injury.
Breach of Contract
Happens when a party does not meet their contractual duties, enabling the other party to pursue legal solutions.
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