by Sunday | Dec 10 | Commerce JAMB
A. Seize another gown from Chinyere’s shop B. Regard the contract between them as terminated C. Sue Chinyere for specific performance D. Sue Chinyere for damages Correct Answer: Option B – Regard the contract between them as terminated Explanation When a breach...
by Sunday | Dec 10 | Commerce JAMB
A. One hundred B. Unlimited C. Fifty D. Twenty Correct Answer: Option B – Unlimited Explanation To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013....
by Sunday | Dec 10 | Commerce JAMB
A. Is not bound to renew the note before payment B. Can return the goods purchased and refuse to pay C. Can refuse to pay on due date since it is only a promise D. Is bound to redeem the note for cash on due date Correct Answer: Option D – Is bound to redeem the...
by Sunday | Dec 10 | Commerce JAMB
A. Water B. air C. rail D. Road Correct Answer: Option B – air Explanation Air transport is an aircraft design for transporting passengers and freight from one location to another in the air using airplanes, jets, rockets helicopters, and drones. High Speed: It...
by Sunday | Dec 10 | Commerce JAMB
A. It shows records of damaged goods B. It shows no records of damaged goods C. It is a clear bill D. It signifies no debt is owed Correct Answer: Option B – It shows no records of damaged goods Explanation So, a bill of lading is a contract of carriage between...
by Sunday | Dec 10 | Commerce JAMB
A. Culture and tourism B. Finance C. Industries D. Commerce Correct Answer: Option D – Commerce Explanation The Ministry of commerce also provides Geological Services for Industrial and Commercial, Registration of Trade Groups and artisans and Export promotion....