Aids-to-trade - Jamb Commerce Past Questions and Answers

Question 81:

• JAMB 2004

An action taken by a company outside its object clause is regarded as?

A. Ultra vires
B. A trespass
C. Uberrima fides
D. Caveat emptor

Question 82:

• JAMB 2005

A floating policy is an example of?

A. Marine insurance
B. Actuaries insurance
C. Motor insurance
D. Fire insurance

Question 83:

• JAMB 2005

A floating policy is an example of?

A. Marine insurance
B. Actuaries insurance
C. Motor insurance
D. Fire insurance

Question 84:

• JAMB 2005

The most important benefit of insurance is that it provides?

A. Control over activities
B. The insured with a right to premium
C. The insured with a right to full compensation
D. Protection against risks

Question 85:

• JAMB 2005

The compensation the insured gets depends heavily on the?

A. Economic situation
B. Premium paid
C. Risk suffered
D. Insurer's bouyancy