quasi contractual obligation
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 285 U.S. 467 - Shriver v. Woodbine Savings Bank · 1932Most cited · 71 citing opinions
the effect of these provisions would have been to create an obligation or liability, quasi contractual in nature, on the part of stockholders acquiring their stock after the enactment, to pay to the bank a sum certain, that is, the assessment when made, for which the common law affords a remedy in debt or indebitatus assumpsit or its modern equivalent