If an Illegal Contract Is Executory, Either Party Can Enforce

question 33

True/False

If an illegal contract is executory, either party can enforce it.

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Definitions:

Keynes

Refers to John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Wages

Payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, typically identified by a fall in GDP in two successive quarters.

Intellectual Influences

The impact or effect that thinkers, theories, or ideas have on an individual's or society's thought processes and philosophies.