AIBE XIV — September 2019 — Q.99 (Indian Contract Act, 1872)

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Q.99

Contract, Specific Relief, Property & NI Act Medium Section in Options

Bare Act Indian Contract Act, 1872 · Section 30

Assertion (A): Collateral transactions to wagering are valid. Reason (R): Only wagering agreements are declared void under section 30 of the Indian Contract Act. Codes:

A : Collateral transactions to wagering are valid. Reason (R): Only wagering agreements are declared void under section 30 of the Indian Contract Act. Codes: (a) (A) is true, but (R) is false.

B (A) is false, but (R) is true.

C Both (A) and (R) are true, but (R) is not correct explanation of (A)

✓ Both (A) and (R) are true, and (R) is correct explanation of (A) Answer

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Explanation & Strategy

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Wagering agreements are void under S.30 of the Indian Contract Act, but collateral transactions to wagering are valid and enforceable. If A borrows money from B to bet, B can recover the loan even though A used it for wagering. The collateral agreement (loan) stands independently.

1 Look up the referenced provision in Indian Contract Act, 1872 to verify the answer.

At a Glance

Subject Contract, Specific Relief, Property & NI Act

Difficulty Medium

Act Indian Contract Act, 1872

Section Section 30

Answer (D) Section in Options

Paper AIBE XIV — September 2019

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