The Most Significant Difference Between a 'Void' Contract and an 'Illegal

question 20

Multiple Choice

The most significant difference between a 'void' contract and an 'illegal' contract is that:

• A) Money paid or property transferred under a void contract may be irrecoverable.
• B) Money paid or property transferred under an illegal contract may be irrecoverable.
• C) Illegal contracts carry penalties for violation.
• D) A void contract will not be enforced by the courts.

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Definitions:

U.S.

Short for the United States, a country in North America known for its significant global influence in economic, political, and cultural fields.

Formal Controls

Structured systems of rules and regulations designed to guide behavior within societies or organizations, often enforced by legal or official means.

Minor Rule Violations

Infractions or breaches of rules that are considered to be of relatively low severity or impact.

Gain Compliance

The act of securing obedience or adherence to a directive or rule.