If the licensing statute is intended simply to generate revenue, then the contract of an unlicensed person is valid; if the purpose of the licensing statute is to protect the public’s health, safety, and welfare, however, the agreement of an unlicensed person is typically deemed illegal and unenforceable. Usury.
Legal Case 3
August 7, 2017What legal, regulatory, and ethics issues impact e-business decisions?
August 7, 2017If the licensing statute is intended simply to generate revenue, then the contract of an unlicensed person is valid; if the purpose of the licensing statute is to protect the public’s health, safety, and welfare, however, the agreement of an unlicensed person is typically deemed illegal and unenforceable. Usury.
If the licensing statute is intended simply to generate revenue, then the contract of an unlicensed person is valid; if the purpose of the licensing statute is to protect the public’s health, safety, and welfare, however, the agreement of an unlicensed person is typically deemed illegal and unenforceable.
Usury.
