Asked by KAREN NOELIA PINEDA on May 12, 2024
Verified
Roger and Erick make a bet concerning whether a certain rich citizen will die within the next year.Neither party has any economic interest in this person's fate,except for that created by the bet.This agreement is:
A) unenforceable if statutes prohibit wagering agreements.
B) unenforceable because it tends toward the commission of a crime.
C) unconscionable because it contemplates the destruction of life.
D) a valid and enforceable risk-allocation agreement.
Commission of a Crime
The act of carrying out an action that constitutes an offense punishable by law.
Wagering Agreements
Contracts or agreements where the parties commit to payments based on the outcome of an uncertain event, often considered void in many legal systems due to lack of insurable interest.
Economic Interest
A financial stake in an enterprise or transaction that influences an individual's or entity's decisions or actions regarding it.
- Acquire knowledge about the legal principles that cause contracts to be void due to illegality.
- Identify factors considered by courts in determining the legality and enforceability of agreements based on public policy.
Verified Answer
BO
brianna outramMay 19, 2024
Final Answer :
A
Explanation :
State legislatures occasionally enact statutes that declare certain types of agreements unenforceable,void,or voidable.
Learning Objectives
- Acquire knowledge about the legal principles that cause contracts to be void due to illegality.
- Identify factors considered by courts in determining the legality and enforceability of agreements based on public policy.