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Unformatted text preview: Bush’s defense was that the profits of Black Indus. were excessive during the time of the Korean war and therefore violated public policy. ISSUE: Whether a contract is void as public policy if one party’s profits are excessive. HELD: No RULE: In order to declare a contract, entered by the contract freely and without evidence of fraud, void as against public policy, the contract must be invalid on the basis of recognized legal principals....
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This note was uploaded on 06/15/2009 for the course LAW 577 taught by Professor Staff during the Spring '08 term at Arizona.
- Spring '08