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Week 5-Written Assignment

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Q Instructions Please answer the following short answer essay questions. Each response should be approximately 500 words, using proper APA format and citation. Each question is worth 25 points. Submit to the corresponding Assignment Folder. 1. What is an illegal contract? Why do courts refuse to enforce contracts (or bargains) made by competent adults if the contracts harm no third party but are illegal? 2. What is the purpose of the Statute of Frauds?

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1. An illegal agreement under the common law of contract, is one that the court would not uphold in light of the fact that the motivation behind the understanding is to accomplish an unlawful end. The illicit end should result from execution of the actual agreement. An illicit agreement can influence any kind of understanding or exchange. Not all wrongdoing related with contracts is equivalent. Genuine wrongdoing ordinarily delivers an agreement void or unenforceable.