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A, B and C enter into an agreement for sharing the money obtained by fraud. This agreement is
Valid
Wagering
Void
Voidable
- Option 1: Valid
An agreement for sharing money obtained from fraud is not valid. Valid agreements are those that are lawful and enforceable by law.
- Option 2: Wagering
Wagering agreements are based on betting or gambling. The agreement mentioned here does not involve a wager or a gamble.
- Option 3: Void
Agreements involving illegal activities, like fraud, are always considered void. A void agreement has no legal standing from the beginning.
- Option 4: Voidable
Voidable agreements are those that are initially valid but can be annulled by one party. Illegal agreements can't be classified as voidable since they are void from the start.
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