Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 91:

• JAMB 2009

Unresolved disputes between the employer and employees are usually referred to the?

A. Code of conduct bureau
B. Personnel unit
C. Disciplinary committee
D. Industrial arbitration tribunal

Question 92:

• JAMB 2010

An agent who brings a customer into business contact with his principle is known as?

A. A del credere agent
B. An auctioneer
C. A factor
D. A broker

Question 93:

• 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 94:

• 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 95:

• 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