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Apply It: Legality of Contracts

Total points: $-15$

Attempts left: $2$

Identifying the Facts and Issues

There are four elements to a contract. First, there must be an offer and an acceptance, also known as the contract $-$ Second, there must be something of value passing between the parties, known as consideration $-$ Third, the parties must have the mental ability to sign a contract, known as capacity Finally, the subject matter of the contract must be legal

When analyzing legality of a contract, there are several issues to evaluate. A contract for a franchise is $-$ legal. There is no mention of interest rates that are too high, also known as usury $-$ There is a violation of a licensing statute. There is not a clause that waives liability, known as exculpatory clause $-$ There is $-$ a discriminatory provision in the contract.

The provision in this contract is related to one of the protected classes of people. Provisions like this one are considered violations of select answer