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Under Section 30 of the Indian Contract Act, 1872, which one of the following agreements is not…

Under Section 30 of the Indian Contract Act, 1872, agreements by way of wager are generally void and unenforceable. However, the Exception to Section 30 expressly saves any…

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Under Section 30 of the Indian Contract Act, 1872, which one of the following agreements is not rendered void as an agreement by way of wager?

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Correct answer D

Under Section 30 of the Indian Contract Act, 1872, agreements by way of wager are generally void and unenforceable. However, the Exception to Section 30 expressly saves any subscription or contribution, or agreement to subscribe or contribute, made or entered into towards any plate, prize, or sum of money of the value or amount of five hundred rupees or upwards to be awarded to the winner or winners of any horse race.

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