Which of the following is/are true in the context of quasi-contract?
1. There is no real contract in existence.
2. There is no offer and acceptance.
3. There is no intention to create contract.
Select the correct answer

A. 5 years imprisonment or 5 lakh rupees penalty or both B. Life imprisonment C. 3 years imprisonment or 2 lakh rupees penalty or both D. None of the above

A. Proposal B. Promise C. Contract D. None of these

A. Priority B. Novelty C. Exclusivity D. Commercial value

A. Anti-competitive agreements B. Mergers and amalgamation C. Unfair trade practices D. Both A and B