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

Question

Quizplus · Accepted Answer

If the purpose of a statute is regulatory and enforcement of licensing requirements is clearly in the public interest, then an unlicensed transaction becomes illegal, as it violates the law and goes against public interest.

If the Purpose of a Statute Is Regulatory and Enforcement