by Sunday | Dec 14 | Commerce JAMB
A. gives exclusive right to import a particular good B. is conferred by the government C. confers monopoly on a product D. confers exclusive right to publish literary works Correct Answer: Option C – confers monopoly on a product Explanation Patents prevent...
by Sunday | Dec 14 | Commerce JAMB
A. a principal and a consumer B. a principal and a producer C. a principal and a third party D. a principal and an agent Correct Answer: Option D – a principal and an agent Explanation An agency contract involves the principal and the agent. The principal-agent...
by Sunday | Dec 14 | Commerce JAMB
A. valid contract B. quasi contract C. voidable contract D. conditional contract Correct Answer: Option C – voidable contract Explanation When a contract is entered into without the free consent of the party, it is considered a voidable contract. Voidable...
by Sunday | Dec 14 | Commerce JAMB
A. public relations B. advertising C. sales promotion D. rebranding Correct Answer: Option A – public relations Explanation Public relations is the professional maintenance of a favourable public image by a company or other organization. It is done to create a...
by Sunday | Dec 14 | Commerce JAMB
A. trademark B. branding C. packaging D. patent right Correct Answer: Option A – trademark Explanation Trademark is a symbol, word, or words legally registered or established by use as representing a company or...