A Contract to Do Something That Is Prohibited by Statute

question 23

Multiple Choice

A contract to do something that is prohibited by statute is

• A)enforceable if the parties are aware of the prohibition.
• B)enforceable if the parties are ignorant of the prohibition.
• C)enforceable if the contract does not negatively affect society.
• D)unenforceable.

---

Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowings of an organization.