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.
In June, a cholera epidemic breaks out. City spokesmen (among them the physician and first mayor of Buffalo, Dr. Ebenezer Johnson) say it is caused by Irish immigrants in Quebec who had brought the dread disease with them from the old country. The Common Council's first action is to quarantine the city.