WAEC Commerce 1995 Question 24

Question 24

Law of Contract

When a seller decides to sell his goods at a specific price for a specific period, he is making

  1. A.a sales promotion
  2. B.a bid
  3. C.an auction sale
  4. D.a firm offer
  5. E.an implied guarantee
Show the answer and explanation

Answer: D (a firm offer)

Explanation

A firm offer fixes the price for a stated period.