Multiple choice

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

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

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

  3. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

  4. Both (A) and (R) are true, and (R) is the correct explanation of (A).
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Collateral transactions to wagering agreements are valid. Only wagering agreements are declared void under Section 30 of the Indian Contract Act.

Keep practicing — related questions