CAF-4 · Chapter 6 · Question 8 of 15
Which of the following is an exception to the rule that wagering agreements are void?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) All of the above.
Explanation
Prizes for horse racing (above 500), skill-based competitions, and insurance contracts (which are contingent) are not considered wagers.
More Void agreements MCQs
- Q10An agreement to do an act impossible in itself is:
- Q11Azam agrees with Babar to discover treasure by 'magic'. The agreement is:
- Q12If a contract contains a clause that NO party can EVER sue in a court, that clause is:
- Q13A contract for the sale of a house is made. Unknown to both, the house was destroyed by fire an hour before the contract. This contract is:
- Q14An agreement which is enforceable by law at the option of one or more of the parties, but not at the option of the other, is a: