Private lotteries, which generally are held to be illegal, involve three elements:
A) prize, chance, and consideration.
B) return, skill, and wager.
C) prize, skill, and consideration.
D) attractive return, minimal involvement, and skill.

Question

Quizplus · Accepted Answer

Private lotteries involve a prize (something of value that is offered as the reward), chance (determined by a random, unpredictable event), and consideration (an entry fee or purchase that is required to participate). The other options do not accurately reflect the elements of private lotteries.

Private Lotteries, Which Generally Are Held to Be Illegal, Involve