Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 46:

• JAMB 2000

A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of

A. Del credere agency
B. Agency by necessity
C. Agency by rafication
D. Agency by estoppel

Question 47:

• JAMB 2000

An aspect of the law which allows an exclusive right for a limited number of years is a

A. Copyright
B. Trade mark
C. Raffication
D. Patent

Question 48:

• JAMB 2000

The first known legislation to protect consumer rights in Nigeria is the

A. Usury Laws
B. Hire purchase Act
C. Sales of Goods Act
D. Foood and Drugs Act

Question 49:

• JAMB 2000

The legal aspect of business is designed to

A. Protect business organization and consumers
B. Safeguard consumers from undue business practices
C. Protect infant industries from collapse
D. Encourage free exchanges among businesses

Question 50:

• JAMB 2000

The instrument establishing the Economic Community of West African State in 1975 is

A. A decree
B. An act
C. A treaty
D. Constitution