Jamb Commerce 2010 Past Questions and Answers

Question 41:

• JAMB 2010

An opportunity to reject a binding contract at will by a third party is said to be a?

A. Valid contract
B. Quasi contract
C. Voidable contract
D. Conditional contract

Question 42:

• JAMB 2010

An agency contract must involve?

A. A principal and a consumer
B. A principal and a producer
C. A principal and a third party
D. A principal and an agent

Question 43:

• JAMB 2010

The difference between trademark and patent right is that the latter?

A. Gives exclusive right to import a particular good
B. Is conferred by the government
C. Confers monopoly on a product
D. Confers exclusive right to publish literary works

Question 44:

• JAMB 2010

Which of the following is a function of consumerism?

A. Protecting consumers' rights
B. Providing consumers' choice
C. Providing consumers' needs
D. Making profiteering impossible

Question 45:

• JAMB 2010

A printed copy of processed information from the computer is the?

A. Soft copy
B. File copy
C. Scanned copy
D. Hard copy