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Can you summarize NCGS Chapter 16, Article 1?
Gaming Contracts and Futures > Gaming Contracts.
Short Summary
The provided legal document content pertains to Gaming Contracts and Futures in North Carolina. According to the document, all wagers, bets, or stakes made on races, gaming by lot or chance, or any unknown or contingent event are deemed unlawful. Additionally, any contracts, judgments, conveyances, or assurances related to money, property, or thing in action wagered, bet, or staked, or to repay or secure any money, property, or thing in action lent or advanced for the purpose of such wagering, betting, or staking are considered void. The document also states that individuals who have participated in such games, lots, chances, casualties, or unknown or contingent events cannot be excused or incapacitated from confessing or testifying about the money, property, or thing in action wagered, bet, staked, or lent for such purposes. However, their confession or testimony cannot be used against them in any criminal prosecution related to the betting, wagering, or staking. The documents do not mention any specific exemptions or penalties related to gaming contracts and futures in North Carolina.
Whom does it apply to?
All individuals and entities involved in wagers, bets, stakes, gaming by lot or chance, or any unknown or contingent event
What does it govern?
Gaming Contracts and Futures
What are exemptions?
No specific exemptions are mentioned in the documents
What are the Penalties?
No specific penalties are mentioned in the documents
Jurisdiction
North Carolina