What is necessary for a contract to have lawful objectives?

For a contract to have lawful objectives, it is essential that the goals align with the morals of society. This ensures that the contract is not promoting illegal activities or purposes that society deems unethical. Contracts with lawful objectives might involve common business practices, transactions, or agreements that do not violate laws or societal norms.

Aligning a contract's goals with societal morals means that it respects the legal framework and ethical standards that govern commercial interactions. Contracts intended to deceive, exploit, or otherwise harm individuals or societal structures would be deemed void or unenforceable because they lack lawful objectives. The morality aspect is crucial since it reflects the collective ethical standards and values that guide human behavior and relationships in a community context.

Other options do not address the essential requirement for lawful objectives. For instance, contracts do not have to be oral, and involving a loan is not a requisite for legality. Additionally, agreements that contain unfair terms or exploitative conditions go against both legal standards and moral expectations within society.