The Legality of the Subject Matter of a Contract Determines

question 51

True/False

The legality of the subject matter of a contract determines its validity and enforceability. Legality is generally determined on the basis of public policy or public interest; any agreement contrary to these considerations may be illegal or void.

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Definitions:

Producing

The act of creating, manufacturing, or otherwise bringing into existence a product or service.

Inheriting

The process by which assets, traditions, or genetic traits are received from predecessors or relatives after their death.

Estray Statutes

Laws that govern how stray livestock can be claimed, managed, or sold by individuals who find them.

Statutes of Limitations

Laws setting the maximum time after an event within which legal proceedings may be initiated, commonly affecting the enforceability of civil claims and criminal charges.