New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which of the following is not correct with respect to

    wagering agreement?
    A Wagering agreements are voidable Correct Answer Incorrect Answer
    B Wagering agreements are of such nature that no suit shall be brought for recovering anything alleged to be won on any wager Correct Answer Incorrect Answer
    C Parties are not interested in the occurrence of the event except for winning or losing the best amount Correct Answer Incorrect Answer
    D Uncertain event is a sole determining factor of the agreement Correct Answer Incorrect Answer
    E All wager contracts are contingent contracts Correct Answer Incorrect Answer

    Solution

    Section 30.   Agreements by way of wager, void- Agreements by way of wager are void; and no suit shall be brought for recovering anything alleged to be won on any wager, or entrusted to any person to abide the result of any game or other uncertain event on which any wager is made.

    Practice Next