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Simple English definitions for legal terms

wagering contract

Read a random definition: distribution license

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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