Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The first known legislation to protect consumer rights in Nigeria is the
Usury Laws
Hire purchase Act
Sales of Goods Act
Food and Drugs Act
Correct answer is C
No explanation has been provided for this answer.
An aspect of the law which allows an exclusive right for a limited number of years is a
copyright
trade mark
raffication
patent
Correct answer is D
No explanation has been provided for this answer.
After registration, a certificate of trading is usually issued to a
partnership
public company
private company
sole proprietorship
Correct answer is B
No explanation has been provided for this answer.
del credere agency
agency by necessity
agency by rafication
agency by estoppel
Correct answer is B
No explanation has been provided for this answer.
The basic elements of a valid contract are
offer, acceptance, consideration and witness
offer, intention, acceptance and legality
offer, acceptance, intention, capacity and legality
offer, acceptance, capacity, legality and consideration
Correct answer is D
No explanation has been provided for this answer.