The correct answer is: B. the agreement shall be void.
The consideration for a contract is the price that each party promises to pay for the other party’s promise. If any part of the consideration is unlawful, the entire contract is void. This is because the law does not enforce contracts that are based on unlawful consideration.
For example, if you agree to sell me your car for \$1,000, and I agree to pay you with \$500 in cash and \$500 worth of drugs, the contract would be void because the consideration for my promise is unlawful.
There are a few exceptions to this rule. For example, if the unlawful consideration is only a minor part of the overall contract, the court may still enforce the contract. Additionally, if the parties to the contract are unaware that the consideration is unlawful, the contract may still be valid.
However, in general, if any part of the consideration for a contract is unlawful, the entire contract is void.
Here is a brief explanation of each option:
- A. only that object shall be held void but the agreement shall be valid
This option is incorrect because the entire contract is void if any part of the consideration is unlawful.
- B. the agreement shall be void
This option is correct because the entire contract is void if any part of the consideration is unlawful.
- C. the agreement shall be voidable at the option of either party to the agreement
This option is incorrect because the entire contract is void, not voidable.
- D. the agreement is still considered valid
This option is incorrect because the entire contract is void if any part of the consideration is unlawful.