JAMB - Commerce (2024 - No. 58)
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for #2,000.00 and she paid. The sum of #2,000.00 is the
Aisha sold her wristwatch to Halima for #2,000.00 and she paid. The sum of #2,000.00 is the
entitlement
consideration
money
fees
Explication
Consideration refers to something of value that is given in exchange for a product, service, or promise. In this case, the # 2,000.00 paid by Halima to Aisha represents the consideration for the purchase of the wristwatch. It is the price or payment that is given by the buyer in exchange for the item being sold.