Legal Question in Business Law in Illinois
what are four conditions that could cause a contract to be terminated by law?
Asked on 10/26/11, 6:49 pm
1 Answer from Attorneys
Nancy Delain
Delain Law Office, PLLC
There are actually 14 ways out of a contract without breach and without execution; you, however, ask for only 4. So, randomly picked:
* Infancy: A person cannot be bound by contract unless they are of legal age. In most states, that's 18 years old.
* Unconscionability: The terms of the contract shock the conscience of the court.
* Duress: A contract cannot be enforced if one of the parties is signing because of some outside pressure
* Incapacity: A person who is declared incapable of handling their own affairs by a court of law cannot enter into a contract.
Hope that helps. Enjoy your Contracts 101 final exam!
Answered on 10/26/11, 8:47 pm
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