What is a wagering contract?
Understand the Problem
The question is asking for a definition or explanation of what a wagering contract is, typically referring to a legal agreement related to betting or gambling.
Answer
An agreement to bet on an uncertain event, often unenforceable by law.
A wagering contract is an agreement where two or more parties bet on the outcome of an uncertain event. It is generally not enforceable by law.
Answer for screen readers
A wagering contract is an agreement where two or more parties bet on the outcome of an uncertain event. It is generally not enforceable by law.
More Information
Wagering contracts are largely unenforceable in many jurisdictions due to their gambling nature, which is considered illegal or heavily regulated.
Sources
- Wagering contract Definition & Meaning - Merriam-Webster - merriam-webster.com
- What is a Wagering Contract? Can it be enforced? - iPleaders - blog.ipleaders.in
- Business Law Notes on Wagering Agreements - Unacademy - unacademy.com
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