Assignment:
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.