Contracts Implied in Fact Are Known as Quasi Contracts

question 8

True/False

Contracts implied in fact are known as quasi contracts.

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Definitions:

Compounded Monthly

The routine of accruing interest monthly, which incorporates calculating interest on the initial principal as well as on the interest that has previously been accrued.

Salary Increase

An increment in the amount of money earned by an employee on a regular basis, often annually or based on a performance review.

Total Return

The overall return on an investment over a specific period, including both capital gains and income, such as dividends or interest.

Quarterly Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, paid to shareholders every quarter.