Contracts Involving Activities That, While Not Illegal, Are Considered Immoral

question 152

True/False

Contracts involving activities that, while not illegal, are considered immoral or contrary to public interest, may also be void.

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Definitions:

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis by an employer to an employee, especially a professional or white-collar worker.

Real Interest Rates

The rate of interest an investor expects to receive after allowing for inflation, reflecting the true cost of borrowing and the true yield on savings.

Nominal Interest Rates

The stated rate of interest on a loan or investment, not adjusted for inflation.

CPI

Consumer Price Index, a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.