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Simple English definitions for legal terms

wagering contract

Read a random definition: plebiscitum

A quick definition of wagering contract:

A wagering contract is an agreement between two or more parties where they bet on the outcome of an event. It is not enforceable by law because it involves gambling, which is illegal in many places. A contract is a promise or set of promises that the law recognizes as a duty. It can be written or verbal, but the writing is just a record of the agreement.

A more thorough explanation:

A wagering contract is a type of contract that involves placing a bet on the outcome of an event. It is an agreement between two or more parties where each party agrees to pay a certain amount of money or something of value to the other party if a specific event occurs.

For example, if two friends bet on the outcome of a football game, they have entered into a wagering contract. If one friend's team wins, the other friend must pay the agreed-upon amount of money.

However, wagering contracts are generally considered illegal and unenforceable because they involve gambling, which is illegal in many jurisdictions. Therefore, if one party refuses to pay the other party after the event has occurred, the court will not enforce the contract.

Overall, a wagering contract is a type of agreement that involves placing a bet on the outcome of an event. While it may seem like a fun way to make a quick buck, it is generally considered illegal and unenforceable.

wager | wager of battle

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7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
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