Final answer:
A contract created for an illegal objective is considered void, which means it is not recognized by law and is unenforceable. This is because such contracts lack the validity elements required for enforceability in a court of law.
Step-by-step explanation:
A contract created to pursue an illegal objective is by nature not enforceable by law. The correct answer to the student's question would be: A) Void. A contract is considered void when it is an agreement that lacks elements of a valid contract or involves illegal activities and, therefore, is not recognized by law.
Since the contract's basis is illegal, it does not have legal enforceability, meaning that the courts will not compel either party to perform under an illegal contract. It is important to distinguish among the options provided: 'Voidable' contracts involve situations where one of the parties has the power to enforce or cancel the contract, 'Unenforceable' contracts are those that cannot be enforced due to some legal technicality, and 'Executed' contracts are those where all parties have fulfilled their contractual obligations.