LegalityThe sixth and final element to a contract is legality. For a contract to be valid the contract must be of legal terms and any goods offered must be legal. If the contract it illegal it become null void and unenforceable. If a contract is illegal it falls under the 3 categories, Contracts illegal at common law, Contracts made illegal by statute law, Contracts void by statute. (Green, 2013)
Contracts illegal at common law · Contracts where the object is the commission of a crime or tort, for example an agreement to rob a bank. · Contracts depending for their performance on sexual immoral acts. · Contract contrary to public policy. Contracts made illegal by statute law • Parliament passes more and more statutes each day and some of these may affect private contracts. Contracts void by statute • For example, a person cannot enforce a wagering contract and hence cannot sue to obtain winnings from illegal gambling. |
Cases |