unjustenrichment

What is unjustenrichment?

unjustenrichment is one of legal terms that means A concept recognised by Courts as an equitable remedy, whereby a party can seek reimbursement from another who has benefitted from the use of their property or actions without legal justification or appropriate compensation. For example, if a lender contracts to lend money to a party who takes those funds and gifts them to a third party, then fails to repay the loan. The lender may have an action against the party who received the gift, in unjust enrichment.

 

source: australiandesignunit.com

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