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What feature of the event or result on which a wager depends is essential to the agreement being a wager?

A wagering agreement under section 30 of the Indian Contract Act, 1872 depends on the determination or ascertainment of an outcome that is uncertain to the parties. The…

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What feature of the event or result on which a wager depends is essential to the agreement being a wager?

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Answer and explanation

Correct answer A

A wagering agreement under section 30 of the Indian Contract Act, 1872 depends on the determination or ascertainment of an outcome that is uncertain to the parties.

The uncertainty can concern a future event or the unknown result of an event that has already occurred.

Option feedback

Option A

A wager depends on an outcome that is uncertain to the parties when they agree.

Option B

An event may already have happened while its result remains unknown, so future occurrence is not required.

Option C

A future uncertain outcome can also support a wager.

Option D

An outcome already known to both parties lacks the requisite uncertainty.

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