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WAEC Commerce 1994 Question 80

Question 80

Law of Contract

Which of the following is not an essential element of a valid contract?

  1. A.Offer
  2. B.Acceptance
  3. C.Legality
  4. D.Consideration
  5. E.Compensation
Show the answer and explanation

Answer: E (Compensation)

Explanation

Compensation is a remedy for breach, not an element needed to form a contract.