BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The law allows parties to enforce contracts that involve illegal acts to commit a crime or tort
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True
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False
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Explanation:
Detailed explanation-1: -An illegal agreement in business law is a contract that was made for an illegal reason and is consequently against the law. If the content of the agreement causes the parties to perform illegal actions, then the contract is illegal. Agreements collateral to the original are also considered void.
Detailed explanation-2: -A tort is an act or omission that gives rise to injury or harm to another and amounts to a civil wrong for which courts impose liability. In the context of torts, “injury” describes the invasion of any legal right, whereas “harm” describes a loss or detriment in fact that an individual suffers.
Detailed explanation-3: -A void contract is one which has no legal effect.
There is 1 question to complete.