How Can the Court's Willingness to Declare a Contract Illegal

question 10

Essay

How can the court's willingness to declare a contract illegal or void at common law be reconciled with the courts' determination to respect the notion of 'freedom of contract'?

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Definitions:

Capital

Financial assets or resources that individuals, companies, or governments use to fund their operations and invest in their own long-term growth.

Marketable Securities

Financial instruments and assets that can be easily converted into cash without significant loss of value.

Bond Liability

A financial obligation represented by a bond, which a company or government must repay to bondholders on a specific date along with interest payments.