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In a law of contract, what is given in exchange for a promise to perform...

Commerce
JAMB 2019

In a law of contract, what is given in exchange for a promise to perform is_____

  • A. offer
  • B. acceptance
  • C. warranty
  • D. consideration
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Correct Answer: Option D
Explanation

Consideration is one of the valid element of a contract. It is the price for which a promise is bought.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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