The Court May Grant a Recovery Based on Quasi-Contract in Order

question 46

True/False

The court may grant a recovery based on quasi-contract in order to prevent an injustice from occurring when one party thought there was an enforceable contract, but an enforceable contract does not actually exist.

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Definitions:

Capital

The wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Revenue

Revenue is the total amount of money that a company receives from its activities, usually from the sale of goods and services to customers.

Normal Debit Balance

Refers to the expected debit balance in certain types of accounts, like assets, expenses, and losses, indicating an increase in these accounts.

Revenue

The comprehensive sum of money a company makes from its primary business operations, namely selling goods or providing services.