Question 371:

• JAMB 1999

In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is

A. Lawful to both
B. Unlawful to both
C. Beneficial to both
D. Detrimental to both

Question 372:

• JAMB 1999

In every simple contract, the price which is paid to purchase a promise is called

A. Offeree
B. Acceptance
C. Consideration
D. Representation

Question 373:

• JAMB 1999

One major disadvantage of a cartel is that it

A. Maximizes productive efficiency
B. Brings the merging firms under control
C. Maximizes profit from operation
D. Eliminate competitions and waste

Question 374:

• JAMB 1999

Staff position in an organization borders on

A. Authority
B. Advice
C. Responsibility
D. Control

Question 375:

• JAMB 1999

The line function in a typical manufacturing enterprise is normally performed by the

A. Public relations department
B. Estate or properties department
C. Marketing department
D. Legal department