Some contracts freely entered into by the parties involve activities that have been made illegal by state or federal statutes. Since they are illegal, these contracts are unenforceable. Examples are wagering agreements or lending money at high rates of interest (usury). Do you believe that legislatures should interfere with the free will of contracting parties?
Answer to relevant QuestionsFiscus, age 23, entered into an oral contract with Badger, a 30-year-old bricklayer, for the construction of a backyard barbecue for a fee of $ 300. The work was completed in two weeks, as agreed. a. Is there an offer and an ...What are some circumstances that can lead to uncertainty in offers and acceptances, and how can they be avoided? Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. Fraud may be committed either by spoken or written words or by acts or conduct. 1. _________ 2. Intentional ...Explain the three characteristics of valid consideration and provide an example of an agreement having these characteristics. Using the Internet and search engines, compare the age of majority provisions in several states. Also, determine the differences in the legal ages required for various activities, such as marriage, driving, voting, and ...
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