Which of the following statements is true about the legality of contracts?
A)To be enforceable,contracts must have legal subject matter,they must be able to be performed legally,or they cannot violate either state or federal law.
B)To be enforceable,contracts must have legal subject matter or they must be able to be performed legally.
C)Agreements against generally accepted public policy are usually illegal,but are enforceable as long as they do not violate either a state or federal statute.
D)To be illegal,a contract must violate either a state or federal statute.
E)To be enforceable,contracts must have legal subject matter,they must be able to be performed legally,and they cannot violate either state or federal law.

Question

Quizplus · Accepted Answer

A)To be enforceable,contracts must have legal subject matter and must be able to be performed legally.They cannot violate either state or federal law.A contract overturned for illegal subject matter or for being illegal to perform is generally declared void.A contract need not be in violation of a statute to be illegal;agreements against generally accepted public policy are also illegal and unenforceable.
B)To be enforceable,contracts must have legal subject matter and must be able to be performed legally.They cannot violate either state or federal law.A contract overturned for illegal subject matter or for being illegal to perform is generally declared void.A contract need not be in violation of a statute to be illegal;agreements against generally accepted public policy are also illegal and unenforceable.
C)To be enforceable,contracts must have legal subject matter and must be able to be performed legally.They cannot violate either state or federal law.A contract overturned for illegal subject matter or for being illegal to perform is generally declared void.A contract need not be in violation of a statute to be illegal;agreements against generally accepted public policy are also illegal and unenforceable.
D)To be enforceable,contracts must have legal subject matter and must be able to be performed legally.They cannot violate either state or federal law.A contract overturned for illegal subject matter or for being illegal to perform is generally declared void.A contract need not be in violation of a statute to be illegal;agreements against generally accepted public policy are also illegal and unenforceable.
E)To be enforceable,contracts must have legal subject matter and must be able to be performed legally.They cannot violate either state or federal law.A contract overturned for illegal subject matter or for being illegal to perform is generally declared void.A contract need not be in violation of a statute to be illegal;agreements against generally accepted public policy are also illegal and unenforceable.

Which of the Following Statements Is True About the Legality