Explain how the following became sources of an obligation 1. Law 2. Contract 3. Quasi-contract 4. Acts or Omission punished by law
Explain how the following became sources of an obligation 1. Law 2. Contract 3. Quasi-contract 4. Acts or Omission punished by law
Related questions
Question
Explain how the following became sources of an obligation
1. Law
2. Contract
3. Quasi-contract
4. Acts or Omission punished by law
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Explain business law
VIEWStep 2: Explain sources of an obligation
VIEWStep 3: Explain Contract: this specifies the legal and voluntary agreement between the parties that are invo
VIEWStep 4: Explain Quasi-contract: This sort of contract is made by the court to prevent unjust enrichment. In
VIEWStep 5: Explain Acts or Omissions Punished by Law: Certain omissions or acts are explicitly prohibited or re
VIEWSolution
VIEWStep by step
Solved in 6 steps