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An agreement in connection with horse racing for a prize of five hundred rupees or upwards under…

Although Section 30 of the Indian Contract Act, 1872 declares agreements by way of wager to be void, its statutory Exception expressly saves any subscription or…

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An agreement in connection with horse racing for a prize of five hundred rupees or upwards under Section 30 of the Indian Contract Act, 1872 is

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Although Section 30 of the Indian Contract Act, 1872 declares agreements by way of wager to be void, its statutory Exception expressly saves any subscription or contribution, or agreement to subscribe or contribute, made or entered into for or toward any plate, prize, or sum of money of the value or amount of ₹500 or upwards to be awarded to the winner or winners of any horse race. Accordingly, such an agreement in connection with horse racing is valid and enforceable.

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