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Question
An agreement by way of wagering is ________.
An agreement by way of wagering is ________.
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Solution
The correct option is C Void
Wagering agreements are those agreements entered into between parties under the condition that money is payable by the first party to the second party on the happening of a future uncertain event, and the second party to the first party when the event does not happen. As per section 30 of the Indian Contract Act, 1872, all wagering agreement are void in nature.
Wagering agreements are those agreements entered into between parties under the condition that money is payable by the first party to the second party on the happening of a future uncertain event, and the second party to the first party when the event does not happen. As per section 30 of the Indian Contract Act, 1872, all wagering agreement are void in nature.
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