Exam 15: Illegality

If no duty to the public is involved and the parties have freely and knowingly agreed, an exculpatory clause may be enforceable.

Ali enters into a contract with Billy's Brewpub to be a bartender. Ali is not aware that Billy's does not have a liquor license. Under these circumstances, it is most likely that Ali:

Statutes that require proof of character and skill and impose a penalty for violation are considered:

When determining the legality of an agreement, the courts do not presume the parties intended a legal result.

_____ prohibit charging more than a stated amount of interest for the use of money.

Which of the following statements is true of contracts having fiduciaries?

When a person whom a regulatory statute seeks to protect enters into an agreement in violation of the statute, the protected person:

Phil joins Sky-High Designs as a designer. He signs an employee agreement that says he will not engage in design work in the city for six months after termination of his employment with the firm. Phil works with the firm for two years and then resigns to immediately join as a designer in another firm in the same city. Sky-High Designs sues him for breach of contract, and is likely to:

Distinguish between illegal wagering contracts and legal risk-shifting and speculative bargaining agreements.

As a general rule, statutes that require proof of character and skill and impose a penalty for violation are considered revenue-raising statutes.