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.

Question

Zybrea Knight · Accepted Answer

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.

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.

Definitions

Learning Objectives

Learning Objectives

Related questions

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

Definitions

Learning Objectives

Learning Objectives

Related questions

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.