Video: Quasi-Contract: Definition & Examples. A quasi-contract exists in the absence of a written contract and may be court ordered to avoid one party gaining at the expense of another party's actions. Business 103: Introductory Business Law / Business Courses.
The Panic of 1837 was partly caused by the economic policies of President Jackson, who created the Specie Circular by executive order and refused to renew the charter of Second Bank of the United States.
More importantly, the catalysts that set off both the 1929 crash and the 1907 panic happened in September or earlier and the reaction was simply delayed. In 1907, the panic nearly occurred in March and, with the tension building over the fate of trusts, could have happened in almost any month.