A contract formed for an illegal purpose is considered:
Correct Answer
B) Void, meaning it has no legal effect from the moment it was created.
A contract formed for an illegal purpose is void ab initio, meaning void from the very beginning. It has no legal effect and cannot be enforced by either party, nor can it be ratified or made valid at a later date. In Mississippi, as in all states, lawful object is a required element of a valid contract, so any contract whose purpose violates law or public policy is treated as though it never existed.
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