forbidden by law

Dear Dr,

Section 30 of the Indian Contract act clearly says that agreement by way of wager is void. But again it is not absolutely illegal. See Badridas Kothari Vs meghraj kothari AIR 1967 Cal 25. Gulam Mustaffakham Vs Padamsi AIR 1923 Nagpur 48. The principal of this section has been properly discussed in the classic case of Carlill vs carbolic Smoke Ball Co (1892) 2 QB 484.

Dear Sir,

Section 30 in The Indian Contract Act, 1872

  Agreements by way of wager are void; and 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 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 plate, 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 294A of the Indian Penal Code not affected. Section 294A 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 294A of the Indian Penal Code apply.

grateful to mr assumi and mr shree for such for such beautiful explanation and citation

I JUST READ UR POSTS REGARDING CARLILL V/S CARBOLIC

WELL GENTLE MAN LEMME GIVE U A INFO THT ITS NT A WAGER

AS WE AL KNW DER R A FEW essentialz of a wager

ie

event mus b uncertain

riskz mus b equal 4 both partiez

regarding winning or loosing

n finally

d parties shld have no oder intrests in occurence of event excpt to tht of d stake

here in dis case

d plantiff had a chance of winning i.e gaining as well as loosing

bt in case of defendent

there were no chances of ny gain therefore d  contract cannot b considered as wager

i hope m right

if ny arguments u cld surely cum up n talk to me

here r my idz

trustdevil@gmail.com

zac_rahul@yahoo.com