CHAPTER 13

CHAPTER 13 - CHAPTER SUMMARY Violations of Statutes General...

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CHAPTER SUMMARY Violations of Statutes General Rule the courts will not enforce agreements declared illegal by statute Licensing Statutes require formal authorization to engage in certain trades, professions, or businesses Regulatory License licensing statute that is intended to protect the public against unqualified persons; an unlicensed person may not recover for services she has performed Revenue License licensing statute that seeks to raise money; an unlicensed person may recover for services he has performed Gambling Statutes prohibit wagers, which are agreements that one party will win and the other lose depending upon the outcome of an event in which their only interest is the gain or loss Usury Statutes establish a maximum rate of interest Sunday Statutes prohibition of certain types of commercial activity on Sunday (also called Blue Laws) Violations of Public Policy Common Law Restraint of Trade unreasonable restraints of trade are not enforceable Mann CH 13- 1
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Sale of a Business
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This note was uploaded on 10/14/2010 for the course BUS 5503 taught by Professor Sorrell during the Fall '10 term at Troy.

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CHAPTER 13 - CHAPTER SUMMARY Violations of Statutes General...

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