Brooke v. Kennedy

The main objection offered by plaintiffs in error by demurrer to the petition was that the contract of May 12, 1924, was illegal, and provided that certain funds as therein described should be utilized for the benefit of such organizers, to which *463sums they were not entitled. The plaintiffs in error are in the position of having signed this agreement, and, after the failure of the corporation, of pleading the illegality of the alleged contract, and its violation of public policy. It is true that an illegal contract will not be enforced by the courts, and where the contract has been executed…