Asked by Imani Burrell on Jun 03, 2024
Verified
The performance of a contract cannot be rendered illegal by a statute after the parties have already entered into the contract.
Performance
The act of fulfilling or carrying out a task, duty, or function as required by contract or expectation.
Illegal
Actions or activities that are forbidden by law and subject to criminal penalties or fines.
Statute
A written law passed by a legislative body at the federal or state level.
- Identify the conditions that render contracts void, voidable, or legally binding.
Verified Answer
SD
SHRISHTY DAYALJun 06, 2024
Final Answer :
False
Explanation :
A contract can become unenforceable or void if a statute is passed after the contract is made that renders the performance of the contract illegal. This is because laws apply retrospectively and can affect the legality of actions, including contractual obligations.
Learning Objectives
- Identify the conditions that render contracts void, voidable, or legally binding.
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