Asked by April Thompson on Jul 11, 2024
Verified
The legality of the subject matter of a contract determines its validity and enforceability. Legality is generally determined on the basis of public policy or public interest; any agreement contrary to these considerations may be illegal or void.
Legality
Pertains to the conformity of an action, agreement, or object with the laws and regulations of a jurisdiction.
Public Policy
Principles and standards considered by the government to be of benefit to the community.
Void
Legally declared to be invalid or ineffective, having no legal force or effect.
- Understand the applicability and effectiveness of contracts depending on their matter, circumstances, and the entities participating.
- Analyze the contribution of public policy and interest to the determination of agreements' legality.
Verified Answer
FS
Fatmiah Saleh S AlMenhalyJul 18, 2024
Final Answer :
True
Explanation :
The legality of the subject matter is a fundamental criterion for determining the validity and enforceability of a contract. Contracts that violate public policy or are against public interest are considered illegal or void, as they do not comply with legal standards and societal norms.
Learning Objectives
- Understand the applicability and effectiveness of contracts depending on their matter, circumstances, and the entities participating.
- Analyze the contribution of public policy and interest to the determination of agreements' legality.