Full question:
I am a student and need to know if a contract becomes void due to illegal activity? Does it involve comission of a crime? Has a crime been committed by either party since the contract has been labled illegal? Why or why not?
- Category: Contracts
- Date:
- State: Florida
Answer:
A contract is void if it involves illegal activity. This means that the contract cannot be enforced by either party. If the contract is labeled illegal, it typically indicates that it involves the commission of a crime. Therefore, a crime has likely been committed by at least one party involved in the contract.
In summary, contracts that are illegal are void, and the illegal nature of the contract usually implies that a crime has occurred.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.