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Which agreement is a wager for purposes of section 30 of the Indian Contract Act, 1872? Assume the…

In the coin-toss agreement each party can win or lose money based solely on an uncertain outcome in which neither has another interest. Section 30 treats agreements by way…

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Which agreement is a wager for purposes of section 30 of the Indian Contract Act, 1872? Assume the agreements are limited to the facts stated.

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Answer and explanation

Correct answer A

In the coin-toss agreement each party can win or lose money based solely on an uncertain outcome in which neither has another interest. Section 30 treats agreements by way of wager as void.

Option feedback

Option A

The parties stake money against each other, with gain or loss determined solely by the toss.

Option B

The payment is the agreed exchange for delivery of goods.

Option C

The payment is the agreed exchange for the carrier's service.

Option D

The promise to repay arises from the loan and is due on the agreed date.

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