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JAMB Commerce 2002 Question 33

Question 33

Law of Contract

A contract for the sale of goods involves the

  1. A.producer, seller and the buyer of goods
  2. B.offering of goods to customers
  3. C.transfer of the title to goods for money
  4. D.exchange of goods.
Show the answer and explanation

Answer: C (transfer of the title to goods for money)

Explanation

A sale of goods is a contract in which the seller transfers title to goods to the buyer for money (the price).