Mr Ojo paid Nnamdi the sum of #3,000 for a piece of land without their…

Commerce WAEC 1997

Mr Ojo paid Nnamdi the sum of #3,000 for a piece of land without their signing any deed of sale. Which of the following elements of contract is lacking in the transaction?

  • Valuable consideration
  • Formality checkmark
  • Offer and acceptance
  • Capacity
  • Consensus ad idem

The correct answer is: B

Explanation

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