A contract will be considered illegal from inception where performance can only be pursued via an illegal act. Contracts falling into this category cannot be enforced. Indeed, if a contract is illegal from the start, all contractual parties will not acquire any rights under that contract, regardless of their intentions at formation of the contract. The contract will be void and treated as if it was never created.   a)         You are required to critically define and discuss the concept of illegality in law from a       theoretical standpoint

Q: Every transaction in business creates a contract (agreement) between the parties. To determine…

A: A contract is an arrangement that establishes a legal obligation or liability between two or more…

Q: Consideration can be defined as “something of value in the eyes of the law”, but consideration is…

A: A promise, an act, a forbearance, or anything of value that is exchanged between parties to a…

Q: What is the difference between a contract of sale and a contract to sell?

A: A contract is a file that legally joins the parties to conformity to perform mutual obligations.

Q: How is performance under a contract determined to be sufficient to discharge the duty to perform?

A: Performance in law is act of doing that which is required by a contract. Each party who has signed…

Q: Please explain what a noncompetition agreement is. Explain what makes a noncompetition agreement not…

A: A non-compete agreement is a contract wherein an employee promises not to enter into a competition…

Q: Explain the dangers of entering into a contract with someone who is under 19 years old where you are…

A: Note: The answer has been framed in a generalized manner.A contract serves as a binding legal…

Q: example of a contract that is illegal in Florida but legal in some other states in the United…

A: Meaning of illegal contract : An agreement is illegal under common law of contract. It is one of the…

Q: Which of the following are examples of people who have diminished capacity to enter into legally…

A: Correct Option: (c) People under the age of majority, people suffering from mental illness and…

Q: a practical example of Sustainability as a reason for increasing the importance of the purchasing…

A: Demand and supply are the two basic things in economics that are seesaw for the economy. When the…

Q: If a contract was found to be ambiguous, would you rather be the person who wrote the contract or…

A: Law plays an integral role in making the judgements related to complex situations. It helps in…

Q: purpose

A: The type of intellectual property document will the brand will sign with the current owners of…

Q: What are the consequences of a party's failure to mitigate damages following a breach of contract?

A: Breach of contract is a legal concept that arises when one party to a contract fails to perform…

Q: Which of the following is correct about implied and express contracts? Implied contracts can be…

A: Contract law effectively establishes the process of agreement development, implementation, and…

Q: Discuss the six main remedies of breach of contract in business law

A: Change order correctly minimizes the risk, improves its chances of approval, and also helps get…

Q: e duties discharged by a party under a c

A: Contract: a composed or spoken understanding, particularly one concerning work, deals, or tenure,…

Q: Discuss the 3 three types of legal impossibility in respect to contracts.

A: Contracts are an important component of any commercial transaction because they provide a legal…

Q: Contractual disputes could be time-consuming, expensive and difficult. They can damage…

A: A contractual dispute arises when one or more parties involved in a contract disagree on the…

Q: What is the Statute of Frauds and to what type of agreements does it apply?

A: The Statute of Frauds is a legal principle that originated in English common law and has been widely…

Q: What are the key elements of a legally enforceable contract?

A: A contract is a formal, written agreement between at least two parties outlining their respective…

Q: What constitute misrepresentation and mistakes under the Law of Contract?

A: The Law of Contract governs the formation, interpretation, and enforcement of agreements between…

Q: Contracts have to comply with prescribed formalities not only to be valid but also to be effective…

A: A contract is an agreement between two or more parties who agrees to create a commitment. It is a…

Q: When would an agent risk breaching a fiduciary duty?

A: A Person who is legally bound to put another's interests ahead of their own is a fiduciary person. A…

Q: Is it better to have a single set of rules for all types of contracts, or does it make sense to have…

A: Mutually recognized and agreed-upon legal arrangements between two or more parties are known as…

Q: Tying contracts, which is prohibited under the Clayton Act, refers to the situation where a producer…

A: In the realm of antitrust law, particularly under the provisions of the Clayton Act, certain…

Q: How can parties in a contractual relationship effectively mitigate the risks associated with moral…

A: Parties to a contractual relationship run the risk of moral hazard and unfair selection, both of…

Q: Analyze the circumstances in which a contract of service may be broken by either party of an…

A: In the realm of employment relationships, the termination of a contract of service can occur for…

Q: How can parties protect their intellectual property rights in contracts, and what are the…

A: This is a discussion about how parties can protect their intellectual property rights in contracts,…

Q: An intoxicated person who enters into a contract without appreciating the rights and duties which…

A: Contract defines a mutual agreement which states about a promise which both parties have agreed to…

Q: What is a valid contract and what are it consequences

A: The legal concept of duty is a legal contractual connection that allows parties concerned to do or…

Q: Describe what is the “statute of limitations” and how does it relate to contract law

A: The purpose of the statute of limitations is to ensure that legal claims are brought to court in a…

Q: what are the remedies available to an aggrieved party in  case of breach of contract ?

A: The Contract Act specifies all the provisions for the fulfillment of a contract. It also explains…

Q: True or False If a contract is fully performed by all parties to it, then it is presumed to have…

A: A legally enforceable agreement that specifies the terms and circumstances of a relationship between…

Q: How can a party to a contract be discharged from performance, and what are the legal implications?

A: Discharge from performance in a contract refers to the release of obligations that were previously…

Q: A buyer bought a property without telling the seller or broker of his intended purpose for the…

A: The objective of the question is to determine the status of the contract in a situation where a…

Q: Your auto insurance company has offered you a 15 percent discount (roughly $200 per year) if you…

A: The problem at hand is whether to accept an offer from your auto insurance company. They are…

Q: In business law, The legal effects of a contract are confined to the contracting parties. Discuss .

A: Contract law is a branch of law that governs the formation, validity, and enforcement of agreements…

Q: Discuss the elements of contracts under the Law of Contract of Malaysia

A: Contracts are legally binding agreements between two or more parties, and they serve as the…

Q: How can a comprehensive understanding of contract law principles positively impact effective…

A: Contract law principles govern the creation and enforcement of agreements in business transactions,…

Q: Which of the following is true? Select one: a) The seller or the supplier shall perform his/her…

A: A legal document that specifies the terms and conditions between buyers and sellers is known as a…

Q: In case of a breach of contract by the seller, what remedies are available to buyers?

A: A breach of contract occurs when one of the parties to a contract fails to fulfill their end of the…