An agreement by way of wager is under Section 30

Question

Accepted Answer

B. {'text': 'Void, and no suit lies to recover anything won on it', 'label': 'B'}

1. Section 30 declares agreements by way of wager void.
2. No suit lies to recover anything alleged to be won on any wager.
3. Nor to recover money entrusted to any person to abide the result of any wager.
4. Certain horse-racing prizes above a threshold amount are a limited statutory exception.
_Source: Indian Contract Act, 1872 (indiacode.nic.in), S. 30_

Answer

{'text': 'Voidable at the option of the winner', 'label': 'A'}

Answer

{'text': 'Enforceable only if the stakes are small', 'label': 'C'}

Answer

{'text': 'Enforceable if registered under the Registration Act', 'label': 'D'}