JAMB Commerce 2010 Objective — Question 41

Question 41 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2010 Objective paper, with the correct answer and a full explanation.

41. If a contract fails one of its necessary features, such contract can be terminated by a third party and contract is referred to as voidable contract A. True B. False

A. True
B. False
C. —
D. —Correct

Explanation

An agency contract must involve a principal and third party to be valid; the agent is standing-by as the link between both of them.

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