Gherulal Parakh v. Mahadeodas Maiya
AIR 1959 SC 781 · Supreme Court of India
A wagering agreement is void but not illegal; collateral transactions may still be enforced.
Unit II · Law of Contract – I
Lawful object, wagering, contingent, void and voidable contracts
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.
Statute sections
| Act / instrument | Section | Name |
|---|---|---|
| Indian Contract Act, 1872 | 23 | Lawful consideration and object |
| Indian Contract Act, 1872 | 26–30 | Restraint of marriage, trade, legal proceedings; uncertain and wagering agreements |
| Indian Contract Act, 1872 | 31–36 | Contingent contracts |
Landmark cases
Nordenfelt v. Maxim Nordenfelt Guns
[1894] AC 535 · House of Lords
A restraint of trade is valid only if reasonable in the public interest.