IS purchase order is quasi contract?

IS purchase order is quasi contract?

 

Replies (1)
A Quasi Contract is not a formal contract but an agreement between two or more parties that is enforced by a court of law. Sections 68-72 of the Indian Contract Act, 1872, deal with quasi contracts and include the following: Supply of necessaries (Sec. 68), Payment of lawful dues by interested person (Sec. 69), Person enjoying benefit of a gratuitous act (Sec. 70), Finder of goods (Sec. 71), Goods or anything delivered by mistake or coercion (Sec. 72) Purchase order is a legal contract between your company and the vendors you depend on for your goods and/or services. Quantity,type of item,price etc is specified and acceptance of purchase order makes it a legally enforceable contract.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details