B6-1: Illegal agreements

Slides:



Advertisements
Similar presentations
Ch. 10 Illegal Agreements Statute of Frauds. Ch. 10 – Illegal Agreements gambling is generally illegal –lottery is legalized gambling –river boats have.
Advertisements

Chapter 12 Void and Voidable Agreements. What makes an agreement void or voidable? b because it violates the law as stated in constitutions, statutes,
Legality of contract Chapter 11 Pages Do now question: what could make a contract illegal? Case study found on page 169.
Contracts: Capacity, Legality, and Enforceability
Legal Purpose and Proper Form
2.01 Understanding Contract Law I’m lawyer Steve. Lets look at Legality issues in contracts!
Business Law and the Regulation of Business Chapter 13: Illegal Bargains By Richard A. Mann & Barry S. Roberts.
Section 9.2.
Essentials Of Business Law Chapter 10 Legal Purpose Of Contracts McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
CHAPTER 9 LEGALITYLEGALITY. Nature and Consequences of Legality  Even if a contract has all the other elements that make up a valid contract, it may.
Legal Purpose and Proper Form
Chapter 15 Legality and Public Policy Twomey, Business Law and the Regulatory Environment (14th Ed.)
LAW for Business and Personal Use © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Will Lemond, Alex Anderl, Alex Fuery, Carter Brown.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 16 Contracts: Legality and Public Policy Twomey Jennings Anderson’s.
Poker Craze in California Aaron Wong Special Agent Supervisor Division of Gambling Control CA DOJ (916)
CHAPTER 10 Legal Purpose and Proper Form
© 2004 West Legal Studies in Business A Division of Thomson Learning BUSINESS LAW Twomey Jennings 1 st Ed. Twomey & Jennings BUSINESS LAW Chapter 16 Legality.
Basic Business Law (BPP432/80) 2006 Fall Quarter Instructor: David Oliveiri Week 3: Facilitating Exchange; Fairness, Capacity, Legality as Affecting Mutual.
CHAPTER 13 LEGALITY OF SUBJECT MATTER AND PROPER FORM OF CONTRACTS DAVIDSON, KNOWLES & FORSYTHE Business Law: Cases and Principles in the Legal Environment.
CHAPTER 10 Legal Purpose and Proper Form
Law of Contracts - 2. Statute of Frauds Must all contracts be in writing?
Legal Purpose CHAPTER TEN. 10 | 2 Copyright © Houghton Mifflin Company. All rights reserved. The Effect of Illegal Agreements What happens when the goal.
Section 9.1.
Contractual Capacity Chapter 13. Limited Capacity  Minors  Incompetent Persons Intoxication Mentally Incompetent Persons.
Chapter 16: Legality and Public Policy
© South-Western Educational Publishing GOALS LESSON 2.4 LEGALITY OF CONTRACTS  Identify contracts that are illegal  Know when a writing is required to.
Week 05 Contracts and Agreements. Illegal Contracts Contracts usually void because the act to be performed has been statutorily declared illegal are:
Chapter 10.
LAW for Business and Personal Use © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Chapter 9 Legality. Conspiracy Individuals who agree to commit crimes for a promised consideration.
Bell Ringer What is legality? What makes something legal/illegal? What could make a contract illegal?
Law for Business, 15e by Ashcroft Chapter 10: Illegal Agreements Law for Business, 15e, by Ashcroft, © 2005 West Legal Studies in Business, a.
Gambling What it is and some statistics about Nova Scotia.
© 2011 South-Western | Cengage Learning GOALS LESSON 2.1 CONTRACT LAW BASICS Name the six essential elements of a legally enforceable contract Identify.
Illegal Agreements Chapter 10. Illegal Agreements Those that involve contracting for an illegal act generally are void and unenforceable Gambling – usually.
CHAPTER 17: ILLEGALITY AND PUBLIC POLICY. Learning Objectives: Status of Illegal Contracts Agreements in Violation of Statutes Agreements in Violation.
Gambling Equipment Testing Paul Dasaro Washington State Gambling Commission Electronic Gambling Lab.
LAW for Business and Personal Use © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
VOID AND ILLEGAL CONTRACTS LAW OF CONTRACT 1. S 2(g) of the Contract Act A void contract is an agreement that is not enforceable by law 2.
LAW FOR BUSINESS AND PERSONAL USE © SOUTH-WESTERN PUBLISHING Chapter 11 Slide 1 Legality of Contracts Which Agreements Are Illegal? Enforceability.
Online Gambling By: T.J. Bridges. Popularity of Gambling Who has gambled in a Casino in the last year? Who has gambled online in the last year? Has gambling.
Legal Purpose & Proper Form
LAW FOR BUSINESS AND PERSONAL USE © SOUTH-WESTERN PUBLISHING Chapter 11Slide 1 Which Agreements are Illegal? Describe general features of contracts which.
Looking for The Betting Site and Live Casino in Canada
ECO 372 Week 5 DQ 1 Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living.
Chapter 9 Legality.
Contracts Review Chapters 7-12.
Chapter 14: Contracts – Capacity and Legality
Chapter 14: Contracts – Capacity and Legality
Chapter 11 Legality of Contracts.
Capacity Legality Consideration Offer Acceptance Genuine Agreement
Void and voidable agreements -A Brief Analysis
Fundamentals of Business Law
Legality and the Public Interest
Business Law Exam Review
Legality.
Legal Purpose and Proper Form
Laws, Regulations & Ethics
CHAPTER 10 Legal Purpose and Proper Form
Laws, Regulations & Ethics
Chapter 10 Legal Purpose and Proper Form
IAGR 2018 Copenhagen Conference 18th of September 2018.
Order of Operations Bingo.
Contracts: Capacity, Legality, Assent and Form
Chapter 16 LEGALITY AND POLICY
CAPACITY AND LEGALITY CHAPTER 12
Actions have ? consequences.
Capacity & Legality Chapter 13
Chapter 12 Capacity and Legality
Presentation transcript:

B6-1: Illegal agreements

You make the call! Were Standford’s actions ethical? Why? Write a law that would allow for this type of activity to happen.

Illegal agreements Agreements that involve contacting for an illegal act generally are void and unenforceable. Examples of the most frequently encountered types of illegal contracts are: Illegal Lotteries Agreements to Pay Usurious Interest Agreements involving Illegal Discriminations Agreements that Obstruct Legal Procedures Agreements made Without a Required Competency License Agreements that Affect Marriage Negatively Agreements that Restrain Trade Unreasonably Agreements Not to Compete

Illegal Lotteries Most states either forbid or regulate gambling. Most states have legalized various forms of gambling under regulated conditions: Casinos Pari-Mutuel Betting State-Run Lotteries BINGO Games and Pull-Tab Betting Card Rooms (also known as Poker Rooms)

Connect! Research MN Gambling laws. Fill in the sheet!

Native Americans and tribal gaming Hot Topic Sheet!