Lasseter v. O'Neill

Section 4256 of the Civil Code of 1910 is as follows: “Gaming contracts are void, and all evidences of debt or incumbrances or liens on property, executed upon a gaming consideration, are void in the hands of any person. Money paid or property delivered up, upon such consideration, may be recovered back from the winner by the loser, if he shall sue for the same in six months' after the loss.” Is an agreement for the purchase or sale of cotton “on margins,” commonly called dealing in futures, when the intention or understanding of the parties is to receive or pay the difference between the…