Asked by Karen Macauley on Apr 29, 2024
Verified
When both parties to an illegal agreement are equally wrong in the knowledge of the operation and effect of their contract,they have formed a(n) ________ contract.
A) restrictive
B) in pari delicto
C) usurious
D) nondisclosure
In Pari Delicto
A legal doctrine meaning "in equal fault," used when both parties are equally at fault in a legal matter.
Illegal Agreement
In contract law, a void agreement to do something that violates the law.
- Acquire insight into the impact of engagements that involve unlawful behaviors or intentions.
Verified Answer
DW
Danielle WashingtonMay 06, 2024
Final Answer :
B
Explanation :
An in pari delicto contract is one in which both parties are equally at fault or in the wrong. In other words, they have both entered into an illegal agreement knowingly and willingly, with full knowledge of the operation and effect of their contract. The term "in pari delicto" is derived from Latin and means "in equal fault."
Learning Objectives
- Acquire insight into the impact of engagements that involve unlawful behaviors or intentions.