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Why is a wagering contract unenforceable while an insurance contract may be enforceable by our courts? The insurance contract involves pure speculation and the wagering
Why is a wagering contract unenforceable while an insurance contract may be enforceable by our courts? The insurance contract involves pure speculation and the wagering contract does not. The insurance contract is illegal while the wagering contract is not. The insurance contract usually involves innocent beneficiaries and the wagering contract usually does not. Insurance contracts are considered legal with government sanction while wagering contracts are legal by themselves. Wagering contracts are considered legal in all instances and insurance contracts are legal by themselves. 
Why is a wagering contract unenforceable while an insurance contract may be enforceable by our courts?
The insurance contract involves pure speculation and the wagering contract does not.
The insurance contract is illegal while the wagering contract is not.
The insurance contract usually involves innocent beneficiaries and the wagering contract usually does not.
Insurance contracts are considered legal with government sanction while wagering contracts are legal by themselves.
Wagering contracts are considered legal in all instances and insurance contracts are legal by themselves.
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
