Which of the following statements is correct with respect to the legality of contracts?
A) A judge can refuse to enforce a contract that involves conduct that is not prohibited by law but which court precedent considers morally unacceptable.
B) When two merchants agree not to sell a certain product below an agreed price and the product is not readily available from others sources, this is legally permissible as long as they intend their promises to be legally binding.
C) Insurance taken out on property you don't own is valid as long as the insurance company has been informed that you have no interest in the property.
D) An agreement that one merchant won't open up a business in competition with another is enforceable as long as there is consideration on both sides.
E) An agreement where one party agrees to pay another to sue a third for tort is legally enforceable.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct with respect to the legality of contracts?
A) A judge can refuse to enforce a contract that involves conduct that is not prohibited by law but which court precedent considers morally unacceptable.
B) When two merchants agree not to sell a certain product below an agreed price and the product is not readily available from others sources, this is legally permissible as long as they intend their promises to be legally binding.
C) Insurance taken out on property you don't own is valid as long as the insurance company has been informed that you have no interest in the property.
D) An agreement that one merchant won't open up a business in competition with another is enforceable as long as there is consideration on both sides.
E) An agreement where one party agrees to pay another to sue a third for tort is legally enforceable.

Which of the Following Statements Is Correct with Respect to the Legality