Question: 1.What is the basic rule about enforcement of a contract that violates a statute? Give an example of a contract that lacks the required element
1.What is the basic rule about enforcement of a contract that violates a statute? Give an example of a contract that lacks the required element of the legality of purpose.
2. A contract that violates public policy may not be strictly illegal. Explain why contracts that violate public policy are not enforced and give an example of one.
3. An unconscionable contract isn't strictly illegal. What is an unconscionable contract and why is such a contract unenforceable? Give an example of an unconscionable contract. 4. What is the purpose of the Statute of Frauds? Who is it designed to protect? What kinds of contracts must be in writing to be valid? 5. What must be contained in "the writing" that is required?
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