Legal Aspects of Business - Jamb Commerce Past Questions and Answers

Question 36:

• JAMB 1998

The body that organizes, promotes and participates in local and foreign trade fairs is the

A. Ministry of Commerce and Tourism
B. Ministry of finance
C. Chambers of Commerce
D. Export Promotion Council

Question 37:

• JAMB 1998

The Continental West African Conference is a

A. Group of all West African countries trading in the same products
B. Conference to foster unity among the West African countries
C. Gorups of shipping lines operating on the same West African route
D. Trust with shareholders fromall West African countries

Question 38:

• JAMB 1999

Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on

A. Emeka's right to terminate the agreement
B. Kamaldeen's right to re-hire the Goods
C. Emeka's right to breach the agreement
D. Kamaldeen's right to terminate the agreement

Question 39:

• 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 40:

• JAMB 1999

Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to

A. Remunerate Q
B. Reply Q
C. Indemnify Q
D. Settle Q