JAMB Commerce 2011 Objective — Question 38
Question 38 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.
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To make a simple contract valid, the intention must be A. legal and binding B. legal and written C. legal and attractive D. legal and harmonious
- A. A. legal and bindingCorrect
- B. B. legal and written
- C. C. legal and attractive
- D. D. legal and harmonious
Explanation
A simple contract needs not be in writing. The necessary requirement is that the intention must be legally enforceable and also binding on the person entering the contract.
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