All illegal contracts are void, but all void contracts are not
-
legal
-
illegal
-
enforceable
-
voidable
-
valid
B
Correct answer
Explanation
Option (1) is incorrect: All illegal contracts are void, but all void contracts are not illegal.
Option (2) is correct: Illegal contracts are against the provisions of law whereas void contracts are legal, but not valid in the eye of law.
Option (3) is incorrect: All illegal contracts are void, but all void contracts are not illegal.
Option (4) is incorrect: All illegal contracts are void, but all void contracts are not illegal.