Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?
-
A.
valuable consideration -
B.
formality -
C.
offer and acceptance -
D.
capacity
Correct Answer: Option B
Explanation
Formalities in English law are required in some kinds of transaction by English contract law and trusts law. agreements and trusts will be unenforceable unless they meet a certain form prescribed by statute. The main kinds of formality that a statute can require are to put the transaction in writing, to make a deed, or to register it at a government registrar.