JAMB Commerce Past Questions & Answers - Page 210

1,046.

A person who is cheated in business transaction can seek legal remedy

A.

even if the agreement is verbal and the amount involved is large

B.

only if the business is a sole proprietorship whose owner is known

C.

regardless of the form of business organization

D.

only if the transaction is documented in a contract

Correct answer is D

No explanation has been provided for this answer.

1,047.

A minor is not permitted to enter into a valid contract because he

A.

Cannot pay the consideration

B.

Is too young to interpret the law

C.

Is young in the eye of the law

D.

May not be able to write the contract

Correct answer is C

No explanation has been provided for this answer.

1,049.

An agent must not make any secret profit in the performance of his duties but can be rewarded by his principal through

A.

remuneration and indemnity

B.

payments of commision and salary

C.

granting of business concessions

D.

forwarding of business links

Correct answer is B

No explanation has been provided for this answer.

1,050.

Personnel activities that promote the general image of an organization are part of

A.

advertising

B.

sales promotion

C.

public relations

D.

business correspondence

Correct answer is C

No explanation has been provided for this answer.