Jamb Commerce Past Questions and Answers

Question 1306:

• JAMB 2018

A company which issues a promissory note in lieu of payment for goods purchased

A. Is not bound to renew the note before payment
B. Can return the goods purchased and refuse to pay
C. Can refuse to pay on due date since it is only a promise
D. Is bound to redeem the note for cash on due date

Question 1307:

• JAMB 2018

The maximum number of shareholders in a public liability company is

A. One hundred
B. Unlimited
C. Fifty
D. Twenty

Question 1308:

• JAMB 2018

The above chart represents the

A. Marketing mix relationship
B. Product mix relationship
C. Advertising mix relationship
D. Promotion mix relationship

Question 1309:

• JAMB 2018

Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready at that date, Halima could

A. Seize another gown from Chinyere’s shop
B. Regard the contract between them as terminated
C. Sue Chinyere for specific performance
D. Sue Chinyere for damages

Question 1310:

• JAMB 2018

Money is generally acceptable for transaction due to

A. The rule of the law
B. Its acceptability in the global market
C. The legal backing
D. The central bank’s Governor’s signature