For purposes of determining the enforceability of contracts,licensing statutes can be divided into what two general categories?
A) professional and non-professional
B) actual and quasi
C) permanent and temporary
D) revenue-raising and regulatory
E) mandatory and optional

Question

Quizplus · Accepted Answer

Licensing statutes can be broadly classified into revenue-raising and regulatory categories. Revenue-raising statutes are enacted to generate revenue for the government, whereas regulatory statutes are designed to ensure public safety by preventing unqualified or unskilled individuals from performing certain activities. The enforceability of contracts may be affected by regulatory licensing statutes as they require certain parties to obtain a license before they can engage in certain activities, and contracts entered into by unlicensed parties may be unenforceable or even illegal.

For Purposes of Determining the Enforceability of Contracts,licensing Statutes Can