Asked by Angel Martinez on Jun 24, 2024
Verified
Which of the following is a correct statement regarding the remedy available for an unenforceable agreement?
A) Only compensatory damages are available for an unenforceable agreement.
B) Only consequential damages are available for an unenforceable agreement.
C) No remedy is available for an unenforceable agreement.
D) Compensatory damages and punitive damages are available for an unenforceable agreement,depending on the circumstances of the case.
E) Compensatory damages,consequential damages,and punitive damages are available for an unenforceable agreement,depending on the circumstances of the case.
Unenforceable Agreement
A contract or agreement that, due to certain defects or legal deficiencies, cannot be legally enforced or compelled by a court.
Compensatory Damages
Financial compensation awarded to a plaintiff to redress the loss or injury that has been suffered.
Punitive Damages
Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.
- Understand the legal consequences of contracts formed for illegal purposes, including agreements to commit a crime or tort.
Verified Answer
Learning Objectives
- Understand the legal consequences of contracts formed for illegal purposes, including agreements to commit a crime or tort.
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