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WAEC Commerce 1994 Question 4

Question 4

Law of Contract

An agreement between two parties which can be enforced is called

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

Answer: B (a contract)

Explanation

A contract is an agreement that the law will enforce.