Post Utme Elizade University 2019 Commerce Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2019 Commerce Objective / Multiple Choice
Question 15 POST_UTME_ELIZADE_UNIVERSITY • 2019 • COMMERCE • objective

A business law principle states that a contract is valid if it is made between two parties who are legally competent to enter into a contract. Which of the following is a characteristic of a legally competent party?

Answer Options

A. The party must be an adult.
B. The party must be a citizen of the country.
C. The party must have the capacity to understand the terms of the contract.
Correct Answer D. The party must have the capacity to enter into a contract.
Correct Answer
D
Correct Option:
The party must have the capacity to enter into a contract.

About This Question

This is Post Utme Elizade University 2019 Commerce Question 15. It is one of the objective questions from the 2019 Post Utme Elizade University Commerce examination.

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