Question
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 same
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.
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