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WAEC Commerce 2019 Question 35

Question 35

Law of Contract

The elements of a contract are offer

  1. A.acceptance and performance.
  2. B.consideration and performance.
  3. C.legality and formality.
  4. D.acceptance and consideration.
Show the answer and explanation

Answer: D (acceptance and consideration.)

Explanation

The basic elements of a valid contract are offer, acceptance and consideration (with capacity and legality).