Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Agreements formed illegally are treated as void. What is the legal effect of illegal agreements? (Choose the correct answer.) a. A void agreement has the

Agreements formed illegally are treated as void. What is the legal effect of illegal agreements? (Choose thecorrectanswer.)

a. A void agreement has the same effect as an unenforceable agreement

b. Void agreements may allow remedies for persons who have no notice of the void nature of the agreement.

c. A void agreement has the same legal effect as a voidable contract.

d. The agreement is considered void from its inception.

e. One of the parties to the agreement must seek a declaration that the agreement is void. Until then, third parties may gain rights arising out of the agreement.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Employment Law

Authors: David Cabrelli

7th Edition

1292295252, 978-1292295251

More Books

Students also viewed these Law questions

Question

What courses do your students assist with teaching this semester?

Answered: 1 week ago