Money is generally acceptable for transaction due to
The rule of the law
Its acceptability in the global market
The legal backing
The central bank’s Governor’s signature
Correct answer is C
Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation
Seize another gown from Chinyere’s shop
Regard the contract between them as terminated
Sue Chinyere for specific performance
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
The above chart represents the
Marketing mix relationship
Product mix relationship
Advertising mix relationship
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
The maximum number of shareholders in a public liability company is
One hundred
Unlimited
Fifty
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
A company which issues a promissory note in lieu of payment for goods purchased
Is not bound to renew the note before payment
Can return the goods purchased and refuse to pay
Can refuse to pay on due date since it is only a promise
Is bound to redeem the note for cash on due date
Correct answer is D
A promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money.
the company is bound to redeem the cash on the due date