illegal transaction
1illegal transaction — Something beyond a mere intent to violate the law. An illegal intention, accompanied by an act which is criminal or prohibited by law. Smith v Blachley, 188 Pa 550, 41 A 619. See illegal contract …
2illegal — il·le·gal /il lē gəl/ adj: contrary to or in violation of a law: illicit unlawful an illegal contract il·le·gal·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
3illegal contract — A contract prohibited by statute (e. g. one between traders providing for minimum resale prices) or illegal at common law on the grounds of public policy An illegal contract is totally void, but neither party (unless innocent of the illegality)… …
4transaction — noun ADJECTIVE ▪ cross border, international ▪ private ▪ fraudulent (esp. BrE), illegal, suspicious ▪ The president had entered into fraudulent property …
5illegal — adj. VERBS ▪ be ▪ become ▪ remain ▪ declare sth, deem sth, make sth, rule sth ▪ …
6illegal — il•le•gal [[t]ɪˈli gəl[/t]] adj. 1) law forbidden by law or statute 2) spo contrary to or forbidden by official rules or regulations 3) cvb an illegal immigrant • Etymology: 1620–30; < ML il•le′gal•ly, adv. syn: illegal, unlawful, illicit,… …
7drug transaction — drug deal, sale or purchase of illegal drugs …
8dubious transaction — business which is probably illegal …
9Commodity Futures Modernization Act of 2000 — The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured the deregulation of financial products known as over the counter derivatives. It was signed into law on December 21, 2000 by… …
10severability doctrine — If promise sued on is related to an illegal transaction, but is not illegal in and of itself, severability doctrine applies, and recovery should not be denied, if aid of illegal transaction is not relied on or required, or if promise sued on is… …
