Quasi module is an axiomatisation of the hyperspace structure based on a module. We initiated this structure in our paper [2]. It is a generalisation of the module structure in the sense that every module can be embedded into a quasi module and every quasi module contains a module. The structure of quasi module is a conglomeration of a commutative semigroup with an external ring multiplication and a compatible partial order. In the entire structure partial order has an intrinsic effect and plays a key role in any development of the theory of quasi modules. In the present paper we have discussed the quotient structure of a quasi module by introducing a congruence suitably. Also we introduce the concept of chain conditions on quasi modules and prove some theorems related to chain conditions