• Skip to main content
  • Skip to primary sidebar

Savoir Credit Corp

  • Legal Concerns of Sports Organizations
    • Harassment in Sports
    • Task of Care in Sports
    • Contracts in Sports Organization
  • Labor Issues in Sports
    • Antitrust Issues
    • Tort Law Concerns in Sports
  • About Us
  • Contact Us

August 17, 2019 By James

Indian Contract 1872- Wagering Agreement | Legal Consequence Of Wagering Agreement

Indian Contract 1872- Wagering Agreement | Legal Consequence Of Wagering Agreement


Indian Contract 1872- Wagering agreement | Legal Consequence of Wagering Agreement

Legal Consequence of Wagering Agreements.
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 if made (s.30).
 – Agreements Void / Illegal : Wagering agreements have been expressly declared to be void in India. In the State of Maharashtra and Gujarat they are declared illegal (In such case the collateral transactions are also void).
 – No Suit : No suit can be brought for recovering anything on any wager, or entrusted to any person to abide by the result of any event on which any wager is made.

Effects of wagering Agreements:
a. Promissory Note: A promissory note was executed for payment of indebtedness arising out of wagering transactions in shares. Held, that the promissory note was not enforceable.
b. Recovery Suit: Money deposited with a person (called stakeholder) to be paid to the party winning upon a wager cannot be recovered by the winner.
c. Principal and Agent: Principal cannot enforce in a wagering contract:
d. Collateral Transactions: As the wagering agreements are void, transactions collateral to them are not affected.

Filed Under: Legal Agreement

Primary Sidebar

Get new posts by email

Sponsor

Pages

  • Labor Issues in Sports
    • Antitrust Issues
    • Tort Law Concerns in Sports
  • Legal Concerns of Sports Organizations
    • Contracts in Sports Organization
    • Harassment in Sports
    • Task of Care in Sports
  • Sports Law and Legal Issues

Recent Posts

  • Theory Of Corporate Personality | Company Law | Cases Saloman V. Saloman | Lee V. Lee

    Theory Of Corporate Personality | Company Law | Cases Saloman V. Saloman | Lee V. Lee

    October 17, 2019
  • Senate Legal Committee Studies Deferred Prosecution Agreements – Questions To Min Qualtrough

    Senate Legal Committee Studies Deferred Prosecution Agreements – Questions To Min Qualtrough

    October 16, 2019
  • Top 10 Most Famous Legal Battles In Music

    Top 10 Most Famous Legal Battles In Music

    October 15, 2019
  • The Legal Challenges Of The COP21 Agreement

    The Legal Challenges Of The COP21 Agreement

    October 14, 2019
  • How A Case Gets To The US Supreme Court

    How A Case Gets To The US Supreme Court

    October 14, 2019

Follow Us

Facebook
fb-share-icon
Twitter
Tweet
YouTube
Pinterest
Instagram
Copyright © 2021 · Savoir Credit Corp | All rights reserved.