JAMB Commerce 2020 Objective — Question 24

Question 24 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

24. Consideration in contract is

A. A. The act of pity on parties to the contract
B. B. PriceCorrect
C. C. Agreement
D. D. Breach of the contract

Explanation

Consideration is the price agreed in the contract to be paid by a party in exchange for goods/service.

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