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JAMB Commerce 2013 Question 38

Question 38

Law of Contract

A contract that is acknowledged before the law court is referred to as

  1. A.informal contract.
  2. B.formal contract.
  3. C.contract of records.
  4. D.specialty contract.
Show the answer and explanation

Answer: C (contract of records.)

Explanation

A contract of record is one made or acknowledged before a court, such as a judgment or a recognizance.