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Contract Law
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Raman entered into a contract with Sohan to pay him a sum of Rs. 3000 if India wins the World Cup, while Sohan to pay Rs. 3000 to Raman if India did not win the World Cup. It is a
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A
wagering contract
💡 Explanation:
A wagering contract is one where two persons hold opposite views on a future uncertain event and mutually agree that depending on the determination of that event, one shall win from the other and then other shall pay a sum of money. So, the above mentioned contract is a wagering contract.