Page:United States Statutes at Large Volume 47 Part 1.djvu/1219

 72d C ONGRESS. SESS. II. CH. 128 . • FEBRUARY 27, 1933. 1195 OBJEC T SEC. 520 . OBJECT, WHAT .-The object of a contract is the thing D ~ which it is agreed, on the part of the party receiving the considera- tion,todoorncftodo. Cross RErri+ vors Unlawful conditions, see section 437. Unlawful contracts, see sections 521 and 572 et seq. SEC. 521. Rnquisrrns OF OBJECT .-The object of a contract must be „ lawful when the contract is made, and possible and ascertainable by the time the contract is to be performed. CROSS REFERENCES Essential elements of contract, see section 490. Auk, p. 1191 . Unlawful contracts, see sections 572 et seq. Posf, p• • S EC. 522 . IMPossJBr rrY, WRAT.--Everything is deemed possible 5, ,Possibility: ' de. except that which is impossible in the nature of things. SEC. 523. WREN CONTRACT wnoux VOID.-Where a contract has but Wh olly voi contract a single object, and such object is unlawful, whether in whole or in part, or wholly impossible of performance, or so vaguely expressed as to be wholly unascertainable, the entire contract is void. CROSS Rs'E E as n4cE Consideration illegal in part, see sections 524 and 528. SEC. 524. WREN CONTRACT PARTIA .r v om .-Where a contra ct has p n contract ally void. sever al distin ct object s, of whi ch one at least is lawful, and one a t least is unlawful, in whole or in part, the contract is void as to the latter and valid as to the rest. CROSS RE mamas Contract illegal in part, see section 528. Provision in, impossible of performance, effect of, see section 533. CONSIDERATION Object. Ands, p .1 184 . Po st, p• 1200. Flat, p.1196. Consideration. SEC. 525. GOOD CONSIDERATION, WHAT .-Any benefit conferred, or agreed to be conferred, upon the promisor, by any other person, to which the promisor is not lawfully entitled, or any prejudice suffered, or agreed to be suffe red, by s uch perso n, other t han such as he is at the time of consent lawfully bound to suffer, as an inducement to the promisor, is a good consideration for a promise. SEC. 526. How FAR LEGAL OR MORAL OBLIGATION IS A GOOD CONSIDERA- TION.-An existing legal obligation resting upon the promisor, or a moral obligation originating in some benefit conferred upon the promi sor, or p rejudice suffered by the pr omisee, i s also a good con- sideration for a promise, to an extent corresponding with the extent of the obligation, but no further or otherwise. SEC. 527. CONSIDERATION LAWFUL .-The consideration of a contract must be lawful within the meaning of section 572 . C ROSS R EFPa rcc Unlawful contracts, see sections 572 et seq. ,). 1200 . SEC. 528 . FFECr OF ITS ILLEGA LITY . -If any part of a single con- Effect of iiiegaiity sideration for one or more objects, or of several considerations for a single object, is unlawful, the entire contract is void . Good consideration . Legal or moral obli. gation as good consid- eration. Unlawful considers• tion.