What Is the Doctrine of in Pari Delicto with Reference

question 63

Multiple Choice

What is the doctrine of in pari delicto with reference to contracts?

• A)It is a situation in which both parties are equally at fault in an illegal contract.
• B)It is a situation where one party has unknowingly signed a contract to commit crimes.
• C)It gives minors the right to disaffirm a contract.
• D)It is a special exemption right to circumvent usury laws.

---

Definitions:

Regulation

The establishment of rules by government or regulatory bodies intended to influence economic activity and protect consumers and investors.

Social Regulation

Government-imposed regulations aimed at improving society's conditions, such as health, safety, and environmental protection.

Food and Drug Administration

A federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices, cosmetics, animal foods & feed, and veterinary products.

Jurisdiction

The official power to make legal decisions and judgments, often referring to the geographic area or range of subjects to which this authority applies.