WAEC - Commerce (2011 - No. 9)
Which of the following are elements of a valid contract?
Dishcarge and performance
Offer and acceptance
Age and maturity
Promise and capacity
Shpjegimi
Offer and Acceptance. An offer occurs when one party presents something of value that they wish to exchange for something else of value. And the other party must be willing to accept the offer before the contract can be considered valid