What do we mean when we say that a contract must have a legal purpose?
A)It must not be for the performance of an activity prohibited by law.
B)It must not be signed when one or both the parties are intoxicated.
C)It must be in written format so that it is easier to understand and so that it stands as proof.
D)It must not be done for minor or petty agreements.
E)It must only be for situations where monetary incentives are concerned.

Question

Quizplus · Accepted Answer

A contract having a legal purpose means that the contract's subject matter must be lawful and not for any activity that is illegal or prohibited by law.

What Do We Mean When We Say That a Contract