BLAW 3201 Chapter : Business Law Chapter 13
Document Summary
Chapter 13 illegal bargains: an essential requirement for an agreement to be enforceable is that its objective be legal, gaming: a game of chance played in an business with a license issued by the state of. This is how the state of louisiana got around the state constitution: violations of statutes. General rule the courts will not enforce agreements declared illegal by statute. Licensing statutes require formal authorization to engage in certain trades, professions, or businesses. Regulatory license licensing statute that is intended to protect the public against unqualified persons; an unlicensed person may not recover for services she has performed. Revenue license licensing statute that seeks to raise money; an unlicensed person may recover for services he has performed. Usury statutes establish a maximum rate of interest; forfeiture of interest (possibly principal) if violated. Sunday statutes prohibition of certain types of commercial activity on sunday (also called blue laws)
