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WAEC Commerce 1996 Question 50

Question 50

Law of Contract

Musa places his bicycle for sale at N800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the

  1. A.offerer
  2. B.offeree
  3. C.buyer
  4. D.guarantor
  5. E.auctioneer
Show the answer and explanation

Answer: A (offerer)

Explanation

Musa makes the offer to sell, so he is the offerer; Dada, who accepts, is the offeree.