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A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:
- a)Valid and Enforceable
- b)Void and enforceable
- c)Void and wagering
- d)Voidable and wagering
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A agrees to sell to B a horse for Rs. 25,000 if he wins race and for R...
According to Section 2(g), "Agreement not enforceable by law is said to be void." Such agreement are void as initio which means that they are enforceable right from the time they are made. Similarly according to Section 30 of the Indian Contract Act, 1872, a wagering agreement is an agreement between two persons under which money or money's worth is payable, by one person to another on the happening or non- happening of a future uncertain event is called a wagering agreement. Hence, in this case where A agrees to sell to B a horse for Rs. 25,000 if it wins a race and for Rs. 15,000 if does not. The horse wins the race. the agreement between A and B is void and wagering as the agreement between them is unenforceable and wagering because money is payable on the horse winning the race.
Most Upvoted Answer
A agrees to sell to B a horse for Rs. 25,000 if he wins race and for R...
According to Section 2(g), "Agreement not enforceable by law is said to be void." Such agreement are void as initio which means that they are enforceable right from the time they are made. Similarly according to Section 30 of the Indian Contract Act, 1872, a wagering agreement is an agreement between two persons under which money or money's worth is payable, by one person to another on the happening or non- happening of a future uncertain event is called a wagering agreement.
Hence, in this case where A agrees to sell to B a horse for Rs. 25,000 if it wins a race and for Rs.15,000 if does not and the horse wins the race, the agreement between A and B is void and wagering as the agreement between them is unenforceable and wagering because money is payable on the horse winning the race.
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A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer?
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A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer?.
A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer?.
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A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A agrees to sell to B a horse for Rs. 25,000 if he wins race and for Rs. 15,000 if he does not. The horse wins the race. The agreement is:a)Valid and Enforceableb)Void and enforceablec)Void and wageringd)Voidable and wageringCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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