Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 71:

• JAMB 2005

The primary objective of consumer protection laws is to ensure that?

A. Consumers derive maximum satisfaction from goods and services
B. Consumers buy goods and services at cheap rates
C. Manufacturers of goods and services provides overcome internal competition
D. Manufacturers of goods and services provides gets optimum profit

Question 72:

• JAMB 2005

In CIF contracts, risk passes at the time of shipment but the property does not pass until?

A. There is physical transfer of goods
B. The shipping manifest are signed
C. The shipping documents are transferred
D. The goods on board are delivered

Question 73:

• JAMB 2005

In Nigeria, the ministry in charge of registering trade associations is that of?

A. Industries
B. Commerce
C. Culture and tourism
D. Finance

Question 74:

• JAMB 2006

The safety and quality of products are the social responsibility of?

A. The Standards Organization of Nigeria
B. The Manufacturers' Association of Nigeria
C. The Corporate Affairs Commission
D. Business organizations

Question 75:

• JAMB 2006

A protection right which can be reviewed or renewed after seven years is known as?

A. Patent
B. Design
C. Registration name
D. Trade mark