{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Business Law Wk 4 APP4 - Oral Wagers and Contracts 1 Oral...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Oral Wagers and Contracts 1 Oral Wagers and Contracts A Case Study Walden University BUSI-2001-3 Business Law Instructor: Michael Cutchen By: William Linville
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Oral Wagers and Contracts 2 Abstract Generally, the contract is void, or the courts will leave the parties as it found them, when the goal of a contract is illegal. (Goldman, 2007) The purpose of this paper is to determine the following questions based upon the evidence presented in the case of Tommy and William who made an oral bet for one-hundred dollars on the outcome of the Super Bowl game. William wins the bet and Tommy refuses to pay the sum of one-hundred dollars to William. Question 1: Is the bet between Tommy and William legal? Question 2: Does William have grounds to file suit in small claims court to get the money owed to him by Tommy? Question 3: Is the oral contract binding and enforceable by law?
Image of page 2
Oral Wagers and Contracts 3 “Legal issues of sports betting are difficult to generalize and tackle. There are various laws regarding gambling. Thus, rules and regulations vary from nation to nation. For one, legal articles in the United States, often state that the premiere law to be followed is the Professional and Amateur Sports Protection Act of 1994. Generally, this law stipulates that operation of gambling schemes of whatever form are illegal except for a handful states including Nevada.”
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern