In Most Illegal Contracts, Both Parties Are Considered to Be

question 69

True/False

In most illegal contracts, both parties are considered to be equally at fault, and neither party can enforce it.

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Definitions:

Tax Gains

Profit that arises from the sale of an asset or investment which is subject to taxation.

Acquisition

The method in which a corporation acquires the majority or entirety of another firm's stock to obtain dominion over it.

Increasing Inputs

Refers to a situation in production or economics where there is a rise in the resources used to produce goods or services.

Holding Outputs

The act of retaining finished goods or services before they are sold or delivered to the next stage of the supply chain or to customers.