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WAEC Commerce 1991 (August) Question 95

Question 95

Law of Contract

An agreement whereby the seller transfers the title to goods at a price is called

  1. A.contract of sale
  2. B.a hire-purchase agreement
  3. C.an agency agreement
  4. D.a contract of carriage of goods
  5. E.haggling
Show the answer and explanation

Answer: A (contract of sale)

Explanation

A contract of sale transfers ownership of goods for money.