What is a contract that cannot be enforced by law due to its lack of an essential element or illegal purpose?

A contract that cannot be enforced by law due to its lack of an essential element or illegal purpose is classified as a void contract. This type of contract is considered invalid from the outset, meaning it has no legal effect and cannot be enforced by either party. Essential elements of a valid contract typically include offer, acceptance, consideration, capacity, and legality of purpose. If any of these elements are missing—such as when the contract involves illegal activities—the contract is void. It is crucial for real estate professionals to recognize void contracts to avoid any potential liabilities or misunderstandings in transactions.

In contrast, other types of contracts such as voidable contracts can be enforced at one party’s discretion, and unenforceable contracts may have legal issues that prevent their enforcement, but they are not invalid from the outset like void contracts. Enforceable contracts, on the other hand, meet all legal requirements and can be upheld in a court of law.