Meaning and validity of a simple contract - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 1999

Adigun displays goods of different makes on shelves in his supermarket. This is an example of

A. Invitation to treat
B. Offer to sell
C. Offer to purchase
D. Invitation to sell

Question 12:

• JAMB 1999

In every simple contract, the price which is paid to purchase a promise is called

A. Offeree
B. Acceptance
C. Consideration
D. Representation

Question 13:

• JAMB 2000

The basic elements of a valid contract are

A. Offer, acceptance, consideration and witness
B. Offer, intention, acceptance and legality
C. Offer, acceptance, intention, capacity and legality
D. Offer, acceptance, capacity, legality and consideration

Question 14:

• JAMB 2001

Use the information below to answer question 40 and 41.
Musa rented a room to adamu for N1,500 and N1,000 part-payment was made. Adamu brought Audu and Jacob his friends to stay in the room.
The two friends later paid balance of N500 to Musa.
Who are the parties to the contract of renting the room?

A. Musa and Jacob
B. Musa and Audu
C. Adamu and Musa
D. Audu and Jacob

Question 15:

• JAMB 2001

Who is the offeree in this contract ?

A. Musa
B. Audu
C. Adamu
D. Jacob