A contract formed for an illegal purpose is:
Correct Answer
B) Void and unenforceable from the outset.
A contract formed for an illegal purpose is void ab initio, meaning it is void from the beginning and unenforceable by either party. Unlike a voidable contract, which can be ratified or disaffirmed, a void contract has no legal effect whatsoever. Courts will not enforce contracts that violate Alaska statutes or public policy, regardless of the parties' intentions or agreement.
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