Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 96:

• 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 97:

• JAMB 2011

To make a simple contract valid, the intention must be?

A. Legal and written
B. Legal and binding
C. Legal and attractive
D. Legal and harmonious

Question 98:

• JAMB 2011

The major parties to an agency relationship are the?

A. Principal and the creditor
B. Bailee and the bailor
C. Principal and the agent
D. Shareholder and the creditor

Question 99:

• JAMB 2011

One of the obligations of an employer to an employee is to?

A. Indemnify him against liabilities incurred on duty
B. Award scholarship to his children
C. Terminate his appointment without prior notice
D. Indemnity himagainst injuries caused through negligence

Question 100:

• JAMB 2011

The body charged with the responsibility of regulating foods and drugs in Nigeria is the?

A. SON
B. NDLEA
C. NAFDAC
D. CAC