When a Contract Is Overturned Due to Having Illegal Subject

question 32

True/False

When a contract is overturned due to having illegal subject matter or being illegal to perform, the attempted contract is generally declared voidable.

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Definitions:

Price Increase

A rise in the cost of goods or services, which can affect consumer purchasing behavior and inflation rates.

Smaller Package

A reduction in product size or quantity while maintaining or increasing the price, often unnoticed by consumers.

Planning Fallacy

The tendency to underestimate the time, costs, and risks of future actions while overestimating the benefits, leading to poor planning and outcomes.