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What is difference between wagering and contingent contract ?


Sai G

Sai G

CA Inter

6K+

14-Oct-22 11:47

632

Answers (13)

Best Answer

Thread Starter

Sai G

But wagering also depend on may or may not Eg i am beting to my friend if it rains tomorrow i will give you 1000 .it also depends on may or may not only know ? How to find difference

In contingent contract you have interest in the event. In wagering - you are interested only in profits.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

14-Oct-22 12:33

Contingent contract means the performance of contract depends upon happening or non happening of certain collateral event


Yamuna S

Yamuna S

CA Inter

15K+

14-Oct-22 11:54

Collateral in the sense


Thread Starter

Sai G

Sai G

CA Inter

6K+

14-Oct-22 12:16

Ex. If we contact with insurance company ,let's take vechicle insurance....there it means that if any accident occurs or any damages to such vechicle they pay us certain amount ... occurring accident depends on contingency( it may or may not happen)


Yamuna S

Yamuna S

CA Inter

15K+

14-Oct-22 12:26

Thread Starter

Sai G

One example for wagering pls.

Betting.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

14-Oct-22 12:31

Yamuna S

Ex. If we contact with insurance company ,let's take vechicle insurance....there it means that if any accident occurs or any damages to such vechicle they pay us certain amount ... occurring accident depends on contingency( it may or may not happen)

But wagering also depend on may or may not Eg i am beting to my friend if it rains tomorrow i will give you 1000 .it also depends on may or may not only know ? How to find difference


Thread Starter

Sai G

Sai G

CA Inter

6K+

14-Oct-22 12:31

CA Suraj Lakhotia Admin

Betting.

Sur How to find difference between wagering and contingent ?


Thread Starter

Sai G

Sai G

CA Inter

6K+

14-Oct-22 12:33

Wagering agreement is actually void ....it involves payment of certain sum of money by either parties on uncertain event Main difference is wagering agreement is not of any legitimate interest but contingent contract is of such interest


Yamuna S

Yamuna S

CA Inter

15K+

14-Oct-22 12:33

CA Suraj Lakhotia Admin

Betting.

Sir can you suggest me any idea sir .some portion are yet to be complete sir whether I want revise what i read first or I need to complete my portion


Thread Starter

Sai G

Sai G

CA Inter

6K+

14-Oct-22 12:38

Thread Starter

Sai G

Sir can you suggest me any idea sir .some portion are yet to be complete sir whether I want revise what i read first or I need to complete my portion

If more than 2 sub then first syllabus completion should be priority. If 2 subjects are well versed then revise those and prepare for other 2 sub simultaneously.


Sugam SM

Sugam SM

CA Final

9K+

15-Oct-22 02:35

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