Most of the contracts we enter into are legal and valid with very few defenses. However, in certain circumstances contracts may be void or voidable for certain reasons. Usually this happens when one party is overtly defrauded. However, it is important to note that a court generally will not protect you from a a bad deal that you made on your own. For example, you pay $20,000 for a $12,000 car.
Name and discuss some exceptions to the rule that a court will not enforce an illegal agreement and please provide an example (from a news story) when the court intervened and the outcome (or your opinion of the expected out come).
List and define legal terms and give defenses.