When a seller decides to sell his goods at a specific price for a specific period, he is making?

Assessment: WAEC SSCE - Commerce - 1995 (Objective) Subject: Commerce

Question 1 Report

When a seller decides to sell his goods at a specific price for a specific period, he is making?
Answer Details
When a seller decides to sell his goods at a specific price for a specific period, he is making a firm offer. This means that the seller is promising to sell the goods at the specified price for the specified time period, and is willing to enter into a binding agreement with a buyer who accepts the offer within that time frame. It is a clear and definite statement of the seller's intention to sell, and creates a legal obligation for the seller to fulfill the terms of the offer if accepted by a buyer.
Read lesson note on Purchase And Sale Of Goods In Home And Foreign Trade (WAEC)
Read lesson note on Purchase And Sale Of Goods (JAMB)
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