1. Legality Of Contracts By: John Hoogerheide

2. Vocabulary  Restitution-restoring or making good a loss; repayment of money illegally obtained  Wager- bet on the uncertain outcome of an event  Gambling-activity involving an agreement with the following: payment to participent, chance to win based on luck rather than skill and a prize for 1 or more winners

3. Illegal Contracts A contract whose formation or performance is so against public policy, that no court will entertain or enforce it. In situations where two wrong doers create an illegal contract and one takes advantage, the law will not do anything. This can be called a “no contract”.

4. Charasticaristics  Where one side does not want too honor the contract because that side feels that the contract should not be honored  The defense will usually say in a court that the contract was of unlawful reasons  One side will usually claim that in the contract there is a violation of law

5. Examples Of Illegal Contracts  (1) Tom promises to give Jerry five grams of cocaine if Jerry promises to drive Tom to Manhattan on Saturday. This is an illegal contract because the consideration given for the contract is illegal.  (2) Tom promises to give Jerry $5,000 if Jerry robs a bank on Saturday. This is an illegal contract because the object of the contract is illegal.

6. Legal Contract Laws  There must be mutual consent  There must be an offer and an acceptance  And there must be no violation of public policy

7. Questions If the offer is an illegal substance but besides that the contract follows contracts laws is it illegal? True or False Contracts in which one person pays another to another to commit a felony are unenforceable? True or False

8. Questions Restitution is? A) The enforcement of an agreement B) Getting back something you have given