If the purpose of the statute is regulatory and enforcement of the licensing requirements is clearly in the public interest,then the unlicensed transaction becomes:
A) valid.
B) illegal.
C) voidable.
D) ratified.

Question

Quizplus · Accepted Answer

If the purpose of the statute is regulatory and enforcement of the licensing requirements is clearly in the public interest, then engaging in an unlicensed transaction is illegal. This is because the law requires certain qualifications or standards to be met before conducting certain types of business or transactions, and failure to meet these standards can result in penalties or other enforcement actions. The public interest is served by ensuring that individuals or entities engage in these activities only after having met the requirements. Therefore, unlicensed transactions are not valid or ratifiable, and may be voidable in certain circumstances, but are ultimately illegal.

If the Purpose of the Statute Is Regulatory and Enforcement