effects of illegal agreement
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An illegal agreement is not enforceable by law.
Explanation:
- Illegal agreements are agreements that do not have the essentials of any agreement.
- Either the subject matter of such agreements is not allowed by the law or the consideration is not there.
- Agreements entered by legal offenders, miners, bankrupts, are also considered illegal. These agreements cannot be enforced in any court of law.
- Even if the consideration is paid for, one party cannot be forced to do its duty because the subject matter of the contract is illegal.
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