_____ is an example of an illegal wager.
A) Stock transactions on a daily basis
B) Betting on the future performance of a stock
C) Commodity transactions
D) Risk-shifting agreements

Question

Quizplus · Accepted Answer

When the parties create a new risk for the sole purpose of bearing it, it is an illegal wager. The difference between stock and commodity transactions and wagers lies in the fact that the parties to stock and commodities transactions are legally bound to the purchase agreement. In an illegal wager, such as a bet on the future performance of a stock or commodity, no purchase is involved.

_____ Is an Example of an Illegal Wager