Which of the Following Is True of a Contract, the Object

question 20

Multiple Choice

Which of the following is true of a contract, the object of which has become unlawful after the creation of the contract?

• A) The contract is still legal as the object was legal at the time of creating that contract.
• B) The contract is illegal even if the parties don't complete the contractual agreement.
• C) The parties of the contract will be discharged from that contract.
• D) Both parties are still obligated to complete their contractual agreements.

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Definitions:

Free-access Resource

Natural resources that are available to everyone, often leading to overuse and depletion because no one has the exclusive right to use them.

Global Common Resources

Natural resources not owned by any one nation and accessible to all, such as the oceans, the atmosphere, and space.

Exponential Growth

A pattern of population increase where the rate of growth is proportional to the current size, leading to rapid expansion over time.

Carrying Capacity

The maximum number of individuals of a particular species that an environment can support sustainably, based on the available resources.