JAMB Commerce 2014 Objective — Question 43

Question 43 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

Mr. Taiwo entered into a contract to let a car to Mr. Bunmi for his wedding for two days. However, the car had an accident before the first day. Mr. Bunmi attempted to claim damages but failed. This implies that the contract was terminated by

A. bankruptcy
B. frustrationCorrect
C. breach
D. apse of time

Explanation

The accident is beyond the control of Mr. Taiwo. Any events beyond the control of a party to the contract can cause the contract to be terminated by frustration.

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