NECO Commerce 2023 Objective — Question 35

Question 35 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.

All of the following are elements of a valid contract except (a) capacity (b) legality (c) breach (d) consideration

A. capacity
B. legality
C. breachCorrect
D. consideration

Explanation

Breach is the failure to perform the obligations under a contract; it is something that can happen after a contract is formed and is not itself an element of a valid contract.

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