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Question

Economics Question on Economic and Financial Affairs

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: Quasi contracts are not contracts in the real sense of the term.
Reason R: Quasi contracts are implied-in-law contracts where parties involved do not intend to create a contract.
In the light of the above statements, choose the correct answer from the options given below:

A

Both A and R are true and R is the correct explanation of A

B

Both A and R are true but R is NOT the correct explanation of A

C

A is true but R is false

D

A is false but R is true

Answer

Both A and R are true and R is the correct explanation of A

Explanation

Solution

The correct option is (A):Both A and R are true and R is the correct explanation of A