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A Party Seeking to Recover in Quasi Contract Must Show

question 26

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A party seeking to recover in quasi contract must show that he or she has been unjustly enriched.


Definitions:

December Contract

A futures contract with a delivery or settlement date in December.

Gold Futures Contracts

Agreements to buy or sell a specific amount of gold at a predetermined price on a set date in the future, used for hedging or speculation on gold prices.

Futures Price

The agreed upon price for the future delivery of assets such as commodities or financial instruments, set in a futures contract.

Contract Maturity

The designated date on which the principal amount of a financial instrument such as a bond, loan, or futures contract becomes due and payable.

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