Question on: JAMB Commerce - 2013
A contract that is acknowledged before the law court is referred to as
A
informal contract
B
formal contract
C
contract of records
D
specialty contract
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Correct Option: C
A contract of record is one which has been declared and adjudicated by a court having jurisdiction, or which is entered of record in obedience to, or in carrying out, the judgments of a court.
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