Asked by Harun Abdullahi on Jun 21, 2024
Verified
Which of the following is not a category of illegal agreements?
A) Agreements that violate statues
B) Agreements that violate public policy developed by courts
C) Unconscionable agreements and contracts of adhesion
D) Agreements to bring more profit to one party than the other
Illegal Agreements
Contracts or arrangements that are prohibited by law due to their nature, purpose, or the means by which they are achieved.
Unconscionable Agreements
Contracts or agreements that are so unfairly one-sided that they are considered void under the law due to the significant imbalance in power and information between the parties involved.
Contracts of Adhesion
Contracts of adhesion refer to standard-form agreements prepared by one party, leaving the other party little or no ability to negotiate more favorable terms.
- Recognize contracts deemed unlawful for reasons such as breaches of public policy.
Verified Answer
SP
Simon PannettJun 23, 2024
Final Answer :
D
Explanation :
Illegal agreements can be placed into three categories: agreements that violate statues,agreements that violate public policy developed by courts,and unconscionable agreements and contracts of adhesion.
Learning Objectives
- Recognize contracts deemed unlawful for reasons such as breaches of public policy.