Only Contracts That Involve the Commission of a Crime or Tort

question 70

True/False

Only contracts that involve the commission of a crime or tort are void on the basis of illegality.

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Definitions:

Personnel

The employees or staff members of a business or organization responsible for its operations.

Reevaluation

The process of reviewing and assessing something again, often to see if any changes or adjustments need to be made.

Learning Curves

The premise that people and organizations get better at their tasks as the tasks are repeated; sometimes called experience curves.

Experience Curves

Graphical representations similar to learning curves, but focusing on how costs decline as a company gains experience in production over time.