What constitutes legal and illegal gambling

Reference no: EM132509351

Application: Is This Purpose Legal?

The final requirement of a valid contract is that it must be made for a legal purpose. Consider the following situation:

You and Tommy made a $100 bet on the outcome of the Super Bowl. After your team won, Tommy refused to pay you the $100.

Based on the information that you have learned in your reading, write a 150-word paper that answers the following questions about the situation described above:

Could you legally sue Tommy?

Why or why not? Be sure to support your conclusion with facts, definitions, and/or examples.

If you have not already done so, clearly explain what constitutes legal and illegal gambling.

Reference no: EM132509351

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