JAMB Past Questions and Answers - Page 14

66.

Chinyere agreed to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready at that date, Halima could

A.

Seize another gown from Chinyere’s shop

B.

Regard the contract between them as terminated

C.

Sue Chinyere for specific performance

D.

Sue Chinyere for damages

Correct answer is B

When a breach of contract occurs or is alleged, one or both of the parties may wish to have the contract enforced on its terms, or may try to recover for any financial harm caused by the alleged breach. If a dispute over a contract arises and informal attempts at resolution fail, the most common next step is a lawsuit.

Halimah can regard the contract as being terminated

67.

The above chart represents the

A.

Marketing mix relationship

B.

Product mix relationship

C.

Advertising mix relationship

D.

Promotion mix relationship

Correct answer is A

The marketing mix has been defined as the "set of marketing tools that the firm uses to pursue its organizational goal, there are basically 4 P's of marketing which are Price, Product, Place and Promotion.

Marketing mix is a combination of factors that can be controlled by a company to influence consumers to purchase its products

68.

The maximum number of shareholders in a public liability company is

A.

One hundred

B.

Unlimited

C.

Fifty

D.

Twenty

Correct answer is B

To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013.

members are unlimited

69.

Which is the fastest means of transportation?

A.

Water

B.

air

C.

rail

D.

Road

Correct answer is B

Air transport is an aircraft design for transporting passengers and freight from one location to another in the air using airplanes, jets, rockets helicopters, and drones.

High Speed: It is the fastest means of transport

70.

Why is clear bill of lading called so?

A.

It shows records of damaged goods

B.

It shows no records of damaged goods

C.

It is a clear bill

D.

It signifies no debt is owed

Correct answer is B

So, a bill of lading is a contract of carriage between a shipper and a carrier, outlining the details of a particular shipment. And a clean bill of lading indicates that the carrier received the goods in good condition, before they actually ship them

a clean bill of lading indicates that the carrier received the goods in good condition, before they actually ship them