WAEC Past Questions and Answers - Page 340

1,696.

The taken over by government of enterprises formerly owned by private person is referred to as?

A.

privatization

B.

nationalization

C.

commercialization

D.

indigenization

Correct answer is B

No explanation has been provided for this answer.

1,697.

In a law of contract, what is given in exchange for a promise to perform is?

A.

offer

B.

acceptance

C.

consideration

D.

warranty

Correct answer is B

No explanation has been provided for this answer.

1,698.

Which of the following is not concerned about consumer protection?

A.

Foods and Drugs Act

B.

Trade Descriptions Act

C.

Price control Act

D.

General Agreement on Traiffs and Trade

Correct answer is D

No explanation has been provided for this answer.

1,699.

A void contract is one that?

A.

is enforceable

B.

has no maturity

C.

has no legal effect

D.

is discharged

Correct answer is C

No explanation has been provided for this answer.

1,700.

Market skimming is an example of?

A.

is enforceable

B.

has no maturity

C.

has no legal effect

D.

is discharged

Correct answer is A

No explanation has been provided for this answer.