Practicing Success
A agrees to give Rs.Rs 10000 to B if India wins the match on 16th August. B agrees to pay A the same amount if India does not win the match. This agreement is a : |
Contingent Contract Wager Illegal Contract Any of the above |
Wager |
Wager is a contract where one person promises to pay the other money on the happening of an uncertain future event and the other person promises to pay on the non-happening of the event. There is a reciprocal promise involved in a wager. Wager is like a bet where the happening of an uncertain event is the condition on which the promise depends. |