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    <title>1850 (6) TMI 1 - PRIVY COUNCIL</title>
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    <description>A subsequent statute prohibiting wagers was construed prospectively, so it did not invalidate existing wagering contracts or accrued rights in the absence of clear retrospective language. The contracts were not shown to be void under Hindu law. The plaintiffs&#039; use of lawful bidding and agents to influence price, as contemplated by the parties when the wagers were made, was not treated as fraud, illegal conspiracy, puffing, forestalling, or ingrossing, and did not defeat recovery between the contracting parties.</description>
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      <link>https://www.taxtmi.com/caselaws?id=306447</link>
      <description>A subsequent statute prohibiting wagers was construed prospectively, so it did not invalidate existing wagering contracts or accrued rights in the absence of clear retrospective language. The contracts were not shown to be void under Hindu law. The plaintiffs&#039; use of lawful bidding and agents to influence price, as contemplated by the parties when the wagers were made, was not treated as fraud, illegal conspiracy, puffing, forestalling, or ingrossing, and did not defeat recovery between the contracting parties.</description>
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