The reward received by a party in a contract agreement is known as

Commerce

WAEC 2011

A. consideration
B. acceptance
C. offer
D. warranty

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Correct Answer: Option A

Explanation

Consideration is a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract. payment or money.

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The reward received by a party in a contract agreement is known as

Correct Answer: Option A

Explanation

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