GCE Commerce 1990 Question 23

Question 23

Law of Contract

An agreement between two parties which will give rise to enforceable rights and obligation is known as

  1. A.a warrant
  2. B.a contract
  3. C.a consideration
  4. D.an offer
  5. E.an acceptance
Show the answer and explanation

Answer: B (a contract)

Explanation

A contract is an agreement enforceable by law.