JAMB Commerce 2010 Objective — Question 42

Question 42 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2010 Objective paper, with the correct answer and a full explanation.

42. An agency contract must involve a principal and third party to be valid. Meanwhile, the agent is stand-by as the link between both of them A. True B. False

A. True
B. False
C. —
D. —Correct

Explanation

An agency contract must involve a principal and a third party to be valid, while the agent stands as the link between both of them.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2010 Objective More Commerce past papers