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.
What was the cause and effect of Shays' Rebellion? During the summer of 1786, an economic depression plagued the American colonies, and European merchants refused to extend credit to them. The state governments responded by seizing property to pay for debt.