Waec Commerce 2003 Past Questions and Answers

Question 56:

• WAEC 2003

A void contract is one that?

A. Is enforceable
B. Has no maturity
C. Has no legal effect
D. Is discharged

Question 57:

• WAEC 2003

Which of the following is not concerned about consumer protection?

A. Foods and Drugs Act
B. Trade Descriptions Act
C. Price control Act
D. General Agreement on Traiffs and Trade

Question 58:

• WAEC 2003

In a law of contract, what is given in exchange for a promise to perform is?

A. Offer
B. Acceptance
C. Consideration
D. Warranty

Question 59:

• WAEC 2003

The taken over by government of enterprises formerly owned by private person is referred to as?

A. Privatization
B. Nationalization
C. Commercialization
D. Indigenization

Question 60:

• WAEC 2003

Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?

A. OAU
B. ECOWAS
C. OPEC
D. LCBC