by Sunday | Dec 11 | Commerce JAMB
A. Token money B. commodity money C. fiat money D. representative Correct Answer: Option B – commodity money Explanation Money is a type of asset in an economy that is used to buy goods and services from other people. A commodity is a physical item that is...
by Sunday | Dec 11 | Commerce JAMB
A. capital B. labour C. land D. rent Correct Answer: Option C – land Explanation land is a different type of factor of production than others. it possesses the following characteristics:- free gift of nature- land is a gift of nature given to man free of cost...
by Sunday | Dec 11 | Commerce JAMB
A. a contract B. an offer C. an acceptance D. a consideration Correct Answer: Option A – a contract Explanation A contract is an agreement or law binding the creation of business and enforceable in law.
by Sunday | Dec 11 | Commerce JAMB
A. the central bank B. at least two banks C. his bank D. any bank Correct Answer: Option D – any bank Explanation Is an unconditional written order from one person to another to pay a specified sum of money to a designated...
by Sunday | Dec 11 | Commerce JAMB
A. Law of contract B. Trade description Act C. Company’s Act D. Partnership Act Correct Answer: Option B – Trade description Act Explanation This protects the consumers from false description of goods in terms of quality, quantity, size, place and date of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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