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Yuri [45]
2 years ago
12

As a general rule, an illegal contract is automatically _______, so neither party may enforce it against the other.

Business
1 answer:
Arisa [49]2 years ago
5 0

As a general rule, an illegal contract is automatically void, so neither party may enforce it against the other.

<h3>What is Illegal contract ?</h3>

A contract is illegal if it involves doing something that is a criminal act or a civil wrong, or against the public good.

An Illegal contract or agreement is a contraction in terms when a contract is a legal obligation, illegal contract is viewed as a contradiction in terms.

An Illegal contract is called a contradiction for the following reasons listed below:

When a contract has a term that is obligatory, it is called a legal contract.

According to the rules of terms, when a contract is not done legally, it is considered an illegal contract. On the common law of a contract or agreement, when a court does not apply or impose in any case or otherwise for a contract, it is seen as illegal.

Learn more about Illegal Contract on:

brainly.com/question/16760289

#SPJ4

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4 years ago
Jake, a new human resource manager, alters the hiring and recruitment process of his firm when he learns that the firm was regul
Tom [10]

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8 0
3 years ago
If the fed wants to _______ the money supply, it discourages bank loans.
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5 0
3 years ago
If Marriott used a single corporate hurdle rate for evaluating investment opportunities in each of its lines of business, what w
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Project A would probably lead to a negative NPV because the cost of capital is higher (meaning it is riskier than the firm) hence could be rejected, but using the company hurdle rate of 10% to evaluate it could make its NPV positive. This would ignore the actual additional risk of the project.

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