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Legality of contract

Legality of contract. Chapter 11 Pages 168-172. Do now question:. what could make a contract illegal? Case study found on page 169. Do now: continued. examples of illegal contracts Invalid sellers license (Tabaco, alcohol)

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Legality of contract

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  1. Legality of contract Chapter 11 Pages 168-172

  2. Do now question: • what could make a contract illegal? • Case study found on page 169

  3. Do now: continued • examples of illegal contracts • Invalid sellers license (Tabaco, alcohol) • Illegal gambling (any type of gambling without government regulation) • Agreements to pay usurious interest ( states have maximum interest rates, and have guild lines for amount of time ) • Agreements involving illegal discrimination • EX) anyone who refuses to provide business to anyone or a certain race or ethnicity.

  4. Agreements made without a requirement competency license • In trades such as plumbing, barbers, and electrical workers, teachers, real estate, lawyers…..etc. • License are needed to preform • Without a proper license any contract with that specific party, that contract is not legal.

  5. Agreements that obstruct legal procedures • What can people do to alter the justice system to swing things in their favor? • Pay non-expert witness in a trail to testify, or pay for false testimony • Bribe jurors • Compounding a crime ( pay a party to not present evidence to prosecuting party.) • If caught doing any of these major jail time will be issued

  6. Contracts that affect a marriage negatively • If there is a contract that would effect a marriage negatively its illegal. • Ex) mimi is an illehalimmagrantand bill is a legal u.s. citizen. It would be illegal contract if mimi pays bill 5000 in exchange for his promise to marry her so she could become a citizen.

  7. Price fixing • Price fixing is when a group of competitors come together to deliberately raise the price • Crime under federal law • Bid rigging is another type of price fixing

  8. Resale price maintenance • Manufactures may suggest a retail price but they cannot personally contact a business this would be price fixing

  9. Allocation of markets • Dividing a market has the same negative affects on competition as price fixing

  10. questions • All contracts that involve a illegal act are unenforceable? True or false? • Contracts where one person pays another to commit a felony are unenforceable? True or false? • Charging a interest rate that is higher than the law permits is called?

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