by Sunday | Dec 14 | Commerce JAMB
A. bond B. mortgage C. debentures D. loan Correct Answer: Option B – mortgage Explanation A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower...
by Sunday | Dec 14 | Commerce JAMB
A. directors B. creditors C. promoters D. court Correct Answer: Option A – directors Explanation What is a Liquidator? A liquidator or an official receiver manages the entire liquidation process. He or she is appointed when a company goes into liquidation or is...
by Sunday | Dec 14 | Commerce JAMB
A. an amalgamation B. a cartel C. a merger D. a consortium Correct Answer: Option D – a consortium Explanation A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common...
by Sunday | Dec 14 | Commerce JAMB
A. private limited liability company B. sole proprietorship C. public limited liability company D. co-operation society Correct Answer: Option B – sole proprietorship Explanation A sole proprietorship, also known as the sole trader, individual entrepreneurship...
by Sunday | Dec 14 | Commerce JAMB
A. high cost of construction B. limitation in scope C. vulnerability to climate changes D. high maintenance cost Correct Answer: Option A – high cost of construction
by Sunday | Dec 14 | Commerce JAMB
A. reinsurance B. life insurance C. underwriter D. marine insurance Correct Answer: Option A – reinsurance Explanation Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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