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Probability of an Event

is a wagering...

Question

_______ is a wagering agreement?

A

Insurance contract

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B

Crossword puzzles in which prizes are awarded on the basis of personal skill and intelligence

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C

Lottery

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D

Chit fund

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Solution

The correct option is D Lottery
The Supreme Court of India in B.R Enterprises V. State of U.P. held that even the lotteries have the element of chance with no skill involved in it and it comes under wagering contracts as the very nature of agreement has not changed and thus be void.

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