In a contract of sale, the amount deposited with the seller for a particular product...

Commerce

WAEC 2023

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

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

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Correct Answer: Option A

Explanation

Consideration is a legal term used to describe the benefit each party to a contract receives. This is often payment in exchange for goods or services.

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In a contract of sale, the amount deposited with the seller for a particular product...

Correct Answer: Option A

Explanation

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