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A contract that is acknowledged before the law court is referred to as

Commerce
JAMB 2013
A contract that is acknowledged before the law court is referred to as
  • A. informal contract
  • B. formal contract
  • C. contract of records
  • D. specialty contract
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Correct Answer: Option C
Explanation
A contract of record is one which has been declared and adjudicated by a court having jurisdiction, or which is entered of record in obedience to, or in carrying out, the judgments of a court.
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