Section 30 of ICA : Section 30: Agreements By Way Of Wager, Void
ICA
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Explanation using Example
Imagine Rahul and Meena make a bet on the outcome of a cricket match. Rahul believes Team A will win, while Meena is confident that Team B will emerge victorious. They agree that the loser will pay the winner ₹10,000. This agreement is a wager. According to Section 30 of the Indian Contract Act, 1872, their agreement is void. Therefore, if Rahul refuses to pay Meena after Team B wins, Meena cannot legally enforce the agreement or take Rahul to court to recover the money.
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