A quasi contract is not an actual contract created by agreement between parties, but a legal obligation imposed by law to prevent one party from unfairly benefiting at another’s expense. It may arise where goods or services are received even though no formal contract exists. In accounting or dispute review, it can support claims for payment or liability recognition.
Quoted Price
A quoted price is the current market price at which an asset, security, or commodity is being offered or traded in an active market....
Quota
A quota is a fixed limit or target set for production, sales, imports, exports, or other measurable business or regulatory activities. In business operations,...
Quorum
A quorum is the minimum number of members, shareholders, or directors required to be present for a meeting to be legally valid and able...
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