Quasi contract

{
  "id": "MLC-T-INS-002780",
  "term": "Quasi contract",
  "field": "Insurance and risk management",
  "definition": "A legal obligation imposed by a court to prevent unjust enrichment, even though no formal agreement or contract exists between the parties. It is not a true contract but an equitable remedy where one party has received a benefit at the expense of another under circumstances that would make it unfair to retain the benefit. For example, if an insurer mistakenly pays a claim to the wrong party, a quasi-contract may compel repayment.",
  "url": "https://mlchart.com/terminology/insurance/quasi-contract/"
}