Asked by Jaskaran Singh on Jul 08, 2024

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A contract to do something that is prohibited by federal or state statutory law-such as the sale of a kidney to another person-fails to satisfy one of the four basic requirements for a valid contract, which is known as

A) agreement.
B) consideration.
C) capacity.
D) legality.

Statutory Law

Law that is written and enacted by a legislative body, distinguishing it from common law or judge-made law.

Valid Contract

An agreement that meets all legal requirements and is enforceable by law.

Legality

The state or quality of being in accordance with the law.

  • Recognize the importance of legality in contracts and the impact of illegal agreements.
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ZK
Zybrea Knight

1 week ago

Final Answer :
D
Explanation :
The requirement that a contract must have a legal purpose and not be against public policy or statutory law is known as legality. A contract for an illegal act, such as selling a kidney, violates this requirement and is therefore void and unenforceable.