NABTEB Commerce 2023 Objective — Question 34

Question 34 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

All the following are elements of a valid contract except (a) offer (b) acceptance (c) consideration (d) performance

A. offer
B. acceptance
C. consideration
D. performanceCorrect

Explanation

The elements of a valid contract are offer, acceptance, consideration, capacity and legality. Performance is the act of fulfilling a contract's obligations, which happens after a contract is already formed, so it is not an element of forming one.

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