An announcement of a person's willingness to enter into a contract is referred to as?

Commerce

JAMB 2007

A. a proxy
B. an offer
C. a consideration
D. an acceptance

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Correct Answer: Option B

Explanation

An offer refers to a promise that one party makes in exchange for another party's performance. It is an invitation to enter into a contract on certain terms.

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An announcement of a person's willingness to enter into a contract is referred to as?

Correct Answer: Option B

Explanation

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