AGREEMENT BY WAY OF WAGER (SECTION 30)
AGREEMENT BY WAY OF WAGER (SECTION 30) Section 30 declares wagering agreements as void. The Section is as follows: Agreement by way of wager void and no suit shall be brought for recovering anything alleged to be won on any wager, or entrusted to any person to abide by the result of any game or other uncertain event which any wager is made. Exception in favour of certain prizes for horse racing-This Section shall not be deemed to render unlawful a subscription or contribution, or agreement to subscribe or contribute, made or entered into for or toward any place, 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. Section 294-A of the Indian Penal Code not affected-Nothing in this Section shall be deemed to legalize any transaction connected with horse racing, to which the provisions. of Section 294-A of the Indian Penal Code apply." What is a wagering agreement The Contract Act doe...