Which of the following terms refers to the legal qualification of a contract's purpose?

• A. Legal Purpose
• B. Equitable Title
• C. Written Agreement
• D. Express Terms

Answer: (A)

The term "Legal Purpose" is indeed the correct choice when referring to the legal qualification of a contract's purpose. In contract law, for a contract to be valid and enforceable, it must have a legal purpose. This means that the objective of the contract cannot involve illegal activities or be against public policy. Contracts that do not meet this criterion are void and cannot be upheld in a court of law.

For instance, if two parties enter into a contract for the sale of illegal drugs, that contract would not be enforceable due to its illegal purpose. On the contrary, a contract for the sale of a house is valid because it has a clear legal purpose. Understanding legal purpose is crucial for ensuring that any contractual agreements made are lawful and can be enforced if necessary.

The other terms, while relevant in different contexts, do not define the concept of a contract's legal qualification. "Equitable Title" pertains to the rights to obtain full ownership of a property or asset and is often discussed in real estate transactions. "Written Agreement" simply refers to the format in which the terms of a contract are presented. "Express Terms" denote the specific provisions that are explicitly stated within a contract. While these terms relate to aspects of contracts, they do not