LEGALITY.doc - Exculpatory clauses Ks to Discriminate Ks to...

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LEGALITY A contract is not valid if it is not formed for a legal purpose. What is not a legal purpose? Usury Gambling No insurable interest Ks to commit criminal acts What Ks are against public policy? Covenants not to compete, unless reasonable Adhesion contracts
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Unformatted text preview: Exculpatory clauses Ks to Discriminate Ks to commit a tort Effect of Illegality In pari delicto = equally at fault Makes the contract void from the beginning Exceptions: Justifiable ignorance Illegal part not performed...
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LEGALITY.doc - Exculpatory clauses Ks to Discriminate Ks to...

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