A Contract to Do Something That Is Prohibited by Statutory

question 34

True/False

A contract to do something that is prohibited by statutory law is void.

---

Definitions:

Regional Economic Blocks

Groups of countries located in the same geographic area that form alliances to facilitate economic trade, promote economic growth, and coordinate regulatory policies.

Reshoring

The practice of bringing manufacturing and production back to the company's original country from overseas.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.

Advantage

A condition or circumstance that puts one in a favorable or superior position, especially in competition or comparison contexts.