If a Contract Appears to Be Legal on Its Face,it

question 32

True/False

If a contract appears to be legal on its face,it will be enforceable even if it was entered into for an illegal purpose.

---

Definitions:

Central Banks

The principal monetary authority responsible for overseeing the monetary system, issuing currency, and implementing economic policies of a country or monetary union.

IMF

International Monetary Fund, an international organization aiming to foster global monetary cooperation, secure financial stability, and facilitate international trade.

Foreign Exchange

The global marketplace for buying and selling national currencies.

Purchasing Power Parity Theory

An economic theory that suggests that in the long term, exchange rates should adjust to equalize the price of identical goods and services in different countries.