by Sunday | Dec 13 | Commerce JAMB
A. downloading B. faxing C. browsing D. decoding Correct Answer: Option A – downloading Explanation Downloading; the copying of (data) from one computer system to another, typically over the Internet.
by Sunday | Dec 13 | Commerce JAMB
A. trademark B. copyright C. patent right D. bookmark Correct Answer: Option B – copyright Explanation Copyright; the exclusive and assignable legal right, given to the originator for a fixed number of years, to print, publish, perform, film, or record literary,...
by Sunday | Dec 13 | Commerce JAMB
A. physical combat B. family intervention C. frustration D. consultation Correct Answer: Option C – frustration Explanation One of the instances in which the contract can be terminated due to frustration is when the nature of the contract has changed between the...
by Sunday | Dec 13 | Commerce JAMB
A. a promise B. ultra vires C. a breach D. a lien Correct Answer: Option D – a lien Explanation Lien; is a right to keep possession of property belonging to another person until a debt owed by that person is...
by Sunday | Dec 13 | Commerce JAMB
A. performance B. frustration C. an agreement D. breach Correct Answer: Option D – breach Explanation If one of the parties to a contract breaches an obligation which the contract imposes, that party is in breach of contract. one party’s failure to fulfill...
by Sunday | Dec 13 | Commerce JAMB
A. special agent B. del credere agent C. factor D. universal agent Correct Answer: Option C – factor Explanation A factor is a type of trader / agent who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting...