Which of the following is not a limitation of a contract?*1 pointLawMoralsObligationPublic policy

To determine which of the options is not a limitation of a contract, we need to analyze each option and identify if it is indeed a limitation or not.

1. Law: Law can be considered a limitation of a contract because contracts must comply with the legal requirements and regulations of the jurisdiction in which they are formed. Failure to adhere to the law can result in the contract being deemed unenforceable.

2. Morals: Morals can also be seen as a limitation of a contract. While not legally binding, contracts should generally align with ethical standards and principles. If a contract violates commonly accepted moral values, it may face challenges in enforcement or may be considered void.

3. Obligation: Obligation is an inherent aspect of a contract. Contracts create legal obligations between parties, outlining the rights and responsibilities of each party. Therefore, obligation is not a limitation of a contract but rather a fundamental element.

4. Public policy: Public policy can be a limitation of a contract. Contracts that are against public policy, such as those promoting illegal activities or violating public welfare, may be deemed unenforceable by the courts.

Based on the analysis, it can be concluded that "Obligation" is not a limitation of a contract.