Asked by Jaskaran Singh on Jul 08, 2024
Verified
A contract to do something that is prohibited by federal or state statutory law-such as the sale of a kidney to another person-fails to satisfy one of the four basic requirements for a valid contract, which is known as
A) agreement.
B) consideration.
C) capacity.
D) legality.
Legality
The state or quality of being in accordance with the law.
Statutory Law
Law that is written and enacted by a legislative body, distinguishing it from common law or judge-made law.
Valid Contract
An agreement that meets all legal requirements and is enforceable by law.
- Recognize the importance of legality in contracts and the impact of illegal agreements.
Verified Answer
ZK
Zybrea KnightJul 09, 2024
Final Answer :
D
Explanation :
The requirement that a contract must have a legal purpose and not be against public policy or statutory law is known as legality. A contract for an illegal act, such as selling a kidney, violates this requirement and is therefore void and unenforceable.
Learning Objectives
- Recognize the importance of legality in contracts and the impact of illegal agreements.
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