Jamb Commerce Past Questions and Answers

Question 471:

• 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 472:

• JAMB 2001

Who is the offeree in this contract ?

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

Question 473:

• JAMB 2001

Who is the offeree in this contract ?

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

Question 474:

• JAMB 2001

The maximum number of shareholders in a public liability company is?

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

Question 475:

• JAMB 2001

One way government reduces the repatriation of capital is through

A. Nationalization
B. Divestiture
C. Indidenization
D. Naturalization