Which of the following is the best description of an 'illegal' contract?
A)The contract remains valid and binding unless and until it is repudiated by the injured party.
B)There are no legal rights or obligations from the outset,and the contract cannot be enforced by either party.
C)While the contract is valid on its face,no legal action can be brought on it.
D)The purpose of the contract contravenes a statute or the common law.

Question

Quizplus · Accepted Answer

An illegal contract is one whose purpose contravenes a statute or common law. While the contract may appear valid on its face, no legal action can be brought on it. Option A describes a voidable contract. Option B describes a void contract. Option C describes a legal contract, but with limitations on enforcing it in a court of law.

Which of the Following Is the Best Description of an 'Illegal