This type of contract is based on an equitable doctrine:
A) implied-in-law.
B) executed.
C) executory.
D) informal.
E) formal.

Name: This type of contract is based on an equitable doctrine: A) implied-in-law. B) executed. C) executory. D) informal. E) formal.
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Question

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Contracts based on an equitable doctrine, also known as quasi-contracts, fall under the category of implied-in-law contracts. These contracts are not explicitly agreed upon by both parties, but rather imposed by law to prevent unfair enrichment.

This Type of Contract Is Based on an Equitable Doctrine