Contracts Rendered Illegal by Statute

Contracts Rendered Illegal by Statute: There are some contracts which are prohibited under the express or implied provisions of statute and declared to be unlawful or void in the sense that they are illegal. Statutes rendering contracts illegal can take various forms. These include: The express prohibition of certain types of contracts. The regulation of… Continue reading Contracts Rendered Illegal by Statute

Illegality in Contract law

Illegality in Contract law: If contracts are freely and voluntarily entered into by the parties, they will be enforced by the courts. But this statement is not completely true, for the courts will not enforce an illegal contract, even though all the elements required for the formation of valid contracts are present.The main reason for… Continue reading Illegality in Contract law