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Illegal contracts refer to agreements that are legally unenforceable due to various reasons such as lack of consent, inadequate consideration, or violation of statutory provisions.
Illegal contracts refer to agreements that are legally unenforceable due to various reasons such as lack of consent, inadequate consideration, or violation of statutory provisions. They are contracts that cannot be recognized or upheld by the courts because they do not meet the necessary legal requirements for a valid contract.
Here are some examples of illegal contracts:
Contracts entered into by minors: Contracts signed by individuals who have not yet reached the age of majority are generally considered illegal because they lack legal capacity.
Contracts with individuals who are mentally incapacitated:
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