Quasi Contract

Quasi Contract

What Is a Quasi Contract? Quasi contract is another name for a contract implied in law, which acts as a remedy for a dispute between two parties that don’t have a contract. A quasi contract is a legal obligation—not a traditional contract—which is decided by a judge for one party to compensate the other. Thus

Rapid Liquidity Ratio Definition

Rapid Liquidity Ratio Definition

What Is the Quick Liquidity Ratio? The quick liquidity ratio is the total amount of a company’s quick assets divided by the sum of its net liabilities, and for insurance companies includes reinsurance liabilities. In other words, it shows how much easily-convertible-to-money assets, such as cash, short-term investments, equities, and corporate and government bonds nearing maturity, an insurance company