If an Illegal Agreement Has Already Been Performed Parties Can

question 21

True/False

If an illegal agreement has already been performed parties can sue for damages.

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Definitions:

Capital

Assets or resources, especially financial wealth, used or available for use in the production of more wealth.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Permanent Residents

Individuals who are legally authorized to live and work in a country indefinitely, though they are not citizens of that country.

Exempt From Registration

Refers to securities or transactions that are not required to be registered with regulatory authorities due to specific conditions or exemptions.