JAMB Commerce 2013 Objective — Question 38

Question 38 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.

A contract that is acknowledged before law court is referred to as

A. formal contractCorrect
B. contract of records
C. specialty contract
D. informal contract

Explanation

A formal contract is a contract which has court backing even before the execution of the contract.

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