The Doctrine of Quasi Contract Can Be Used Only When

question 40

True/False

The doctrine of quasi contract can be used only when there is an actual con?tract that covers the matter in controversy.

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Definitions:

Cycle Inventory

The portion of inventory that companies hold to facilitate smooth production and sales operations, fluctuating based on production cycle needs.

Low-Value Product

Products that have a low price point or perceived economic value to the consumer, often resulting in slim profit margins.

High Demand

A situation where the desire and need for a product or service greatly exceeds the available supply within a market.

Transportation

The movement of goods and people from one location to another using various modes such as road, rail, air, and sea.