Asked by
Kevin Tatlonghari
on Nov 27, 2024Verified
If an illegal contract is executory, either party can enforce it.
Illegal Contract
An agreement that is either unlawful in nature or made with the purpose of undertaking an illegal act, and thus, is not enforceable by law.
Executory
Pertaining to contracts or agreements that are not yet fully performed or completed by all involved parties.
Enforce
To compel observance of or obedience to a law, rule, or obligation.
- Understand how illegality and public policy impact the enforceability of contracts.
Verified Answer
PK
Learning Objectives
- Understand how illegality and public policy impact the enforceability of contracts.