Introduction In contract law, understanding the concept of quasi contracts is crucial. A quasi-contract is an implicit agreement that arises […]
According to the Section 71 of the Indian Contract Act, 1872, deals with the finder of goods. A finder of goods means ‘a person who finds goods’ that belongs to another and place them into his custody. The finder of the goods holds the same position as that of bailee and he is required to take care of goods in the same manner as is expected out of bailee under Section 151 of the Indian Contract Act, 1872.
A quasi-contract is a retroactive agreement between two parties who have no prior commitments to each other. A court creates it to remedy a situation in which one party gains something at the expense of the other.
Copyright © 2025. All rights reserved.
