JAMB Commerce 2007 Objective — Question 23
Question 23 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.
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An announcement of a person's willingness to enter into a contract is referred to as
- A. an offer
- B. a proxy
- C. consideration
- D. an acceptanceCorrect
Explanation
Acceptance is the announcement that a person is ready and willing to enter into a contractual agreement with another party.
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