Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 101:

• JAMB 2012

Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because

A. Ownership was transfered on completeion of installment
B. Ownership was transfered on delivery
C. Yahaya could not pass title to a third party
D. Ali was still indebted to Yahaya

Question 102:

• JAMB 2012

The body which ensures that consumers are protected against harmful products in Nigeria is

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

Question 103:

• JAMB 2013

A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to

A. Protect other lawyers
B. Protect the intergrity of the association
C. Compensate the affected client
D. Prevent the client from sueing the association

Question 104:

• JAMB 2013

In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to

A. Increase profit of service providers
B. Protect the interest of government
C. Encourage more people into the business
D. Protect the interest of consumers

Question 105:

• JAMB 2013

A contract that is acknowledged before the law court is referred to as

A. Informal contract
B. Formal contract
C. Contract of records
D. Specialty contract