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31
Which of the following must be present in an agency by agreement?
A.
intentions
B.
will
C.
consent
D.
authority
View Answer & Discuss (3)
JAMB 1994
32
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
A.
not anticipated
B.
not discussed
C.
deferred
D.
immediate
View Answer & Discuss
JAMB 1994
33
Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is
A.
an offer and acceptance
B.
an implied contract
C.
a complete simple contract
D.
an offer but no acceptance
View Answer & Discuss
JAMB 1994
34
Nationalization of an industry means that its ownership becomes that of
A.
government
B.
shareholders
C.
taxpayers
D.
indigenes
View Answer & Discuss
JAMB 1994
35
The comprehensive import supervision scheme was set up by the federal government in order to
A.
reverse Nigeria's unfavourable balance of trade
B.
promote fair trade between Nigeria and other countries
C.
counteract all fraudulent business deals of Nigeria with other nationals
D.
ensue that import into Nigeria are of the correct quality, value and quantity
View Answer & Discuss
JAMB 1994
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