Asked by Jaylin Johnson on May 16, 2024
Verified
To encourage people to cancel illegal contracts,courts will allow a person who rescinds such a contract before any illegal act has been performed to recover any consideration that he has given.
Illegal Contracts
An illegal contract is one that involves activities or terms that are against the law or public policy and is therefore unenforceable in a court of law.
Consideration
In contract law, something of value exchanged between parties, which is essential for the formation of a valid contract.
- Recognize illegal contracts and the potential for recovery of considerations.
Verified Answer
MC
Michael CummingsMay 21, 2024
Final Answer :
True
Explanation :
To encourage people to cancel illegal contracts,courts will allow a person who rescinds such a contract before any illegal act has been performed to recover any consideration that he has given.
Learning Objectives
- Recognize illegal contracts and the potential for recovery of considerations.