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.
Causes of the Great Recession - Overview. 1  The immediate or proximate cause of the crisis in 2008 was the failure or risk of failure at major financial institutions globally, starting with the rescue of investment bank Bear Stearns in March 2008 and the failure of Lehman Brothers in September 2008.