George paid Barack the $3,000 wager but now seeks to recover the funds from Barack. Result?

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George paid Barack the $3,000 wager but now seeks to recover the funds from Barack. Result?

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On April 30, 2016, Barack and George entered into a bet on the outcome of the 2016 Kentucky Derby. On January 28, 2017, Barack, who bet on the winner, approached George, seeking to collect the $3,000 George had wagered. George paid Barack the $3,000 wager but now seeks to recover the funds from Barack. Result?

Explanation & AnswerSolution by a verified expert

Explanation

Gambling contracts are not enforceable by law. So, no party involved in the contract can file a case against anyone. Individual B cannot file a case against Individual G if they have not paid the amount but since Individual G has paid the amount, they cannot ask for the amount to be paid back.

Verified Answer

The contract that involves gambling is not enforceable by law. So, Individual G is not going to get any kind of recovery from Individual B.

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