Asked by
Oscar Smith
on Nov 27, 2024Verified
The remedy available when a court imposes a quasi contract is the recovery of the reasonable value of a benefit conferred or detriment suffered.
Quasi Contract
An obligation imposed by law to prevent unjust enrichment, even though no contract exists between the parties.
Reasonable Value
An estimation of the fair or appropriate worth of goods, services, or property, taking into consideration factors such as market conditions and the necessity of the item.
- Understand the concept of restitution and its application in contractual disputes.
Verified Answer
OM
Learning Objectives
- Understand the concept of restitution and its application in contractual disputes.