Final answer:
In an illegal agreement, a party not equally wrong can generally recover what he has parted with, supported by contractual and property rights that provide legal recourse. This legal framework is essential for ensuring the fulfillment of agreements and sustaining economic transactions and growth.
Step-by-step explanation:
A party not equally in the wrong of an illegal agreement will generally be allowed to recover what he has parted with. This falls under the principles of contract law and underscores the significance of contractual rights, which are built upon property rights. These rights enable individuals to enter into agreements with others regarding the use of their property, providing recourse through the legal system if there's noncompliance.
For example, consider an employment agreement where a skilled surgeon expects payment for services provided. If the payment is not rendered, it is tantamount to property theft. However, a legal system that upholds contracts ensures that the surgeon can pursue payment via court action.
Contractual and property rights are essential for the smooth functioning of business and economic growth, as they provide security for transactions. Without this legal enforcement, the risk of non-payment could deter individuals from entering into contracts, which would adversely affect economic transactions and growth.