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Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are examples of ________________.

A "tacit contract." is one inferred from the conduct of the parties rather than from words, such as drawing cash from an ATM or a sale completed by the fall of the hammer at…

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Drawing cash from ATM, sale by fall of hammer at an auction sale, etc., are examples of ________________.

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A "tacit contract." is one inferred from the conduct of the parties rather than from words, such as drawing cash from an ATM or a sale completed by the fall of the hammer at an auction; Section 9 of the Indian Contract Act, 1872 recognises promises made otherwise than in words. A "quasi contract." is instead an obligation imposed by law under Sections 68 to 72.

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