Jamb Commerce Past Questions and Answers

Question 1126:

• JAMB 2014

Which of the following is used as pricing policy?

A. Labelling
B. Packaging
C. Market selection
D. Market skimming

Question 1127:

• JAMB 2014

Mr Taiwo entered into a contract to let a car to Mr Bunmi for his wedding for two days. However, the car had an accident before the first day. Mr Bunmi attempted to claim damages but failed. This implies the contract was terminated by

A. Bankruptcy
B. Frustration
C. Breach
D. Lapse of time

Question 1128:

• JAMB 2014

Hire purchase is advantageous to the seller in that

A. It elevates his living standard
B. His turnover will increase
C. People pay on installment
D. It enhances high level of patronage

Question 1129:

• JAMB 2014

The difference between a factor and a broker is that the former

A. Is licensed to sell goods on auction
B. Has a lien on the goods he possesses
C. Is not in possession of the goods
D. Cannot sell in his own name

Question 1130:

• JAMB 2014

A contract which is devoid of legal effect is

A. Void contract
B. Unenforceable contract
C. Voidable contract
D. Valid contract