What is the basic rule about enforcement of a contract that

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PART - The Requirement for Legality of Purpose

1. What is the basic rule about enforcement of a contract that violates a statute? Give an example of a contract that lacks the required element of legality of purpose.

2. Please identify and explain the three exceptions to the rule that courts will not offer relief to the parties of illegal contracts.

3. An unconscionable contract isn't strictly illegal. What is an unconscionable contract and why is such a contract unenforceable? Give an example of an unconscionable contract.

Reference no: EM13472296

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