passwella.
Menu

WAEC Commerce 2023 Question 40

Question 40

Law of Contract

In a contract of sale, the amount deposited with the seller for a particular product by a buyer is

  1. A.acceptance
  2. B.counter offer
  3. C.consideration.
  4. D.warranty.
Show the answer and explanation

Answer: C (consideration.)

Explanation

Consideration is the price or value one party gives in return for the other's promise; a deposit is part of it.