The member of an illegal partnership
Verified Answer
A. Have no remedy against each other for partnership dealing & transaction
B. Have a remedy against each other for partnership dealings & transaction only with permission of court
C. Have a remedy against each other for partnership dealings & transactions
D. Either (B) or (C)
Explanation:
An illegal partnership is one formed for an unlawful purpose or by unlawful means. Such a partnership is void *ab initio*. The general principle of contract law is that courts will not lend their aid to enforce an illegal contract or to grant remedies to parties involved in illegal transactions. Therefore, partners in an illegal partnership generally have no legal remedy against each other for any dealings or transactions related to that illegal partnership.