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A âwagerâ can be described as, follows: âThe agreement of gaming and wageringâ is that one party is to win and the other e upon a future every which at the time C the contract is of an a in nature - that is to say, if the event turns out one way A will lose; I it turns out the other way he will win.â.
4. ( 1 Roman law) a contract by which one person commissions another to act for him gratuitously and the other accepts the commission. ( 2 contract law) a contract of bailment under which the party entrusted with goods undertakes to perform gratuitously some service in respect of such goods.