General Commercial Law Past Questions
Question 1
Law performs many functions within a given society. Which of the underlisted functions is not the function of law properly so-called?
- A. Maintenance of law and order
- B. Resolving conflicting interests
- C. Serving as means of social segregation
- D. Serving as means of social engineering
- E. Articulating and re-orienting human behavior within the society.
Question 2
Which of these is not a veritable source of Nigeria law?
- A. Received English law
- B. Nigerian legislation
- C. Customary/Islamic law
- D. Oral laws
- E. Judicial precedents.
Question 3
The concept of the rule of law was propounded by
- A. Jean Boden
- B. Karl Marx
- C. Dicey A.V
- D. John Austin
- E. John Locke
Question 4
Jack and Jerry entered into a contract whereby Jack agreed to sell Jerry N1,000 worth of heroin, an illegal substance. This is an example of a ……
- A. quasi contract
- B. void contract
- C. voidable contract
- D. secondary party beneficiary contract
- E. valid contract
Question 5
The difference between a void contract and an illegal contract is that ……….
- A. the former attracts a sanction
- B. the latter attracts a sanction
- C. the former keeps the contract alive
- D. the latter keeps the contract alive
- E. none of these options
