Assuming that all other elements of a contract are present,which of the following would most likely be held to be a binding contract,considering only the requirement that the object of a contract must be legal and not contrary to the public interest?
A)a provision in a contract of employment where the employee agrees that,upon leaving,he or she will not work in a similar business anywhere for five years
B)a life insurance policy bought by Harvey insuring the life of his neighbour Kneival without Kneival's consent
C)an agreement to pay $500 to Mildred if Mildred spreads the false rumour that Helen,a nurse,has AIDS
D)an insurance policy paid by a shareholder to insure the business premises of a company in which he holds shares
E)an agreement among city-wide gas station owners to set a common price for gas

Question

Quizplus · Accepted Answer

All other choices include illegal or unethical elements that would violate public interest, making them unenforceable contracts. However, purchasing an insurance policy for a business premises is a legal and common practice.

Assuming That All Other Elements of a Contract Are Present,which