Final answer:
Joey and Hunter have an illegal contract due to the involvement of cocaine, an unlawful substance, rendering the contract void ab initio.
Step-by-step explanation:
The situation described involves Joey, a soap opera actor, agreeing to buy a briefcase full of Cocaine from Hunter for $12,000. Given the content of the agreement, Joey and Hunter have entered into an illegal contract. In the context of contract law, a contract is a legally enforceable agreement between two or more parties that creates mutual obligations. However, for a contract to be enforceable, the subject matter of the contract must be legal. In the case described, the subject matter (cocaine) is an illegal substance, and therefore the contract is void ab initio, which means it is invalid from the outset.
In most jurisdictions, contracts involving the sale of illegal substances are considered void and cannot be upheld in a court of law.Joey and Hunter have a void contract. A contract is void if its purpose is illegal, and buying cocaine is illegal. In this case, the contract is unenforceable because it involves an illegal activity.