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Legality CHAPTER 13
Quote of the Day ,[object Object],[object Object],[object Object]
Contracts that May Violate a Statute ,[object Object],[object Object],[object Object],[object Object],[object Object],These types of contracts will be discussed further on the next slides.
Wagers ,[object Object],[object Object],[object Object]
Licensing Statutes ,[object Object],[object Object],Usury Usury laws prohibit charging excess interest on loans.
Contracts that May Violate Public Policy ,[object Object],[object Object],[object Object],[object Object],[object Object],These types of contracts will be discussed further on the next slides.
Restraint of Trade ,[object Object],[object Object],[object Object],[object Object]
Exculpatory Clauses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Part of a contract that attempts to release you from liability for injury to another party.
Bailment Cases ,[object Object],[object Object]
Unconscionable Contracts ,[object Object],[object Object],[object Object],[object Object]
Adhesion Contracts ,[object Object],[object Object]
“ No matter how profitable a particular contract clause may appear to be, it is worthless if it is illegal.  Make sure your agreement is lawful.”

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Legality in business law

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  • 12. “ No matter how profitable a particular contract clause may appear to be, it is worthless if it is illegal. Make sure your agreement is lawful.”