It is important to understand the differences between illegal and void contracts because:

Question

Quizplus · Accepted Answer

Illegal and void contracts have different legal consequences under statutory and common law. It is essential to understand these differences to avoid entering into an illegal or void contract and to handle any legal disputes that may arise. The other options are incorrect as illegal and void contracts do not form legal contracts, and they do not belong to the same contract category.

It Is Important to Understand the Differences Between Illegal and Void