Wagering Agreement

BCL – L1 – SA – Q56 – Contract Law

Agreement to pay based on an uncertain event.

Question

An agreement to pay money money’s worth on the occurrence or non-occurrence of a specified uncertain event is a

A Wagering agreement

B Contingent contract

C Quasi contract

D Uncertain agreement

Answer

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Tags: Contingent Contract, Contract Law, Wagering Agreement
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q43 – Contract Law

Classification of a contract to pay if a house burns.

Question

A contract to pay Benjamin GH¢10,000 if Benjamin’s house is burnt – This is a

A. Wagering agreement

B. Void

C. Voidable agreement

D. Contingent contract

E. Contract of guarantee

Answer

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Tags: Contingent Contract, Contract Types, Wagering Agreement
Level: Level 1

Topic: Contract Law

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BCL – L1 – SA – Q56 – Contract Law

Agreement to pay based on an uncertain event.

BCL – L1 – SA – Q43 – Contract Law

Classification of a contract to pay if a house burns.

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BCL – L1 – SA – Q56 – Contract Law

Agreement to pay based on an uncertain event.

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BCL – L1 – SA – Q43 – Contract Law

Classification of a contract to pay if a house burns.

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