Business Law Ch 13

Chapter Thirteen: Illegal Bar puddles

* I. Illegal Bargains
* Tortious, criminal, or contrary to overt policy.
* Law doesnt provide a remedy for the founder of an un useable agreement.
* Illegal Bargains are made unenforceable to:
* 1. warn such undesirable conduct
* 2. Preclude the inappropriate engagement of the judicial process in carrying out such socially undesirable bargains.
* II. Violations of Statutes
* Courts depart not enforce an agreement declare illegal by statute(predicate).
* An agreement to violate a statute prohibiting crimes is unenforceable.
* An agreement that is induced by criminal conduct will not be enforced.
* Licensing Statutes:
* Whether or not a mortal may recover for run rendered id he has failed to comply with a licensing requirement depends upon the terms or type of licensing statute.
* Rule pertains to rights of the unauthorised party
* Regulatory:
* A person cannot recover for professional services unless he has the required license, as long as the humans policy behind the regulatory purpose clearly outweighs the persons interest.
* A regulatory license is a visor designed to protect the public against unqualified persons.




* Revenue:
* Agreements for such services are enforceable.
* A revenue license is to try revenue.
* Gambling Statutes
* IE: wager. Parties stipulate that one shall win and the some other lose depending upon the outcome of an event in which their sole interest arises from the possibility of some gain or loss.
* Contemplate gain through mere chance.
* Us courts wont enforce a gambling agreement.
* Some states permitâ€"IE the lottery.
* insured Interest: pays a certain sum of money or premium in exchange for an insurance companys promise to pay a larger amount upon the position of...If you want to get a full essay, order it on our website: Ordercustompaper.com



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