If the Illegal Part of a Bargain Has Not Yet

question 30

True/False

If the illegal part of a bargain has not yet been performed,the party rendering performance must fulfill the contract before seeking damages.

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Definitions:

Unjust Enrichment

A legal principle stating one party should not be allowed to profit at another's expense without making restitution for the fair market value of any benefits received.

Legal Obligations

Duties enforced by law that a person or entity is required to fulfill.

Ratify

To officially approve or confirm, often used in the context of formalizing agreements or treaties.

Letter-Of-Credit

A financial instrument issued by a bank guaranteeing a buyer's payment to a seller, providing security in international trade transactions.