Legal Aspects Of Business - Commerce Jamb Past Questions and Answers

Question 1 :

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2 :

• JAMB 1994

An agreement to sell is distinguishable from sale because in the former, the transfer of goods is

A. Not anticipated
B. Not discussed
C. Deferred
D. Immediate

Question 3 :

• JAMB 1994

Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is

A. An offer and acceptance
B. An implied contract
C. a complete simple contract
D. An offer but no acceptance

Question 4 :

• JAMB 1994

The comprehensive import supervision scheme was set up by the federal government in order to

A. Reverse Nigeria's unfavourable balance of trade
B. Promote fair trade between Nigeria and other countries
C. Counteract all fraudulent business deals of Nigeria with other nationals
D. Ensue that import into Nigeria are of the correct quality, value and quantity

Question 5 :

• JAMB 1994

Which of the following has power to order withdrawal of a particular food item from circulation?

A. Standard organisation of Nigeria
B. Federal High courts in Nigeria
C. Food and Drug Department of the Federal Ministry of health
D. Local government health inspector