| Which of the following is not a source of commercial law in Nigeria? |
| Pursuant to section 1(1) Sale of Goods Act 1893, contracts for the sale of goods has been defined as “a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price”. The word “property” in the definition is broad equivalent to |
| In the context of contract for the sale of goods, the word “goods” includes the following except |
| In a contract for sale of goods an “agreement to sell” imputes the fulfilment of a condition which can include |
| The price for the contract for the sale of goods may be fixed by the parties, or determined as provied by contract or subject to a presumption that the buyer will pay a reasoable price. In such a case, the burden to prove the reasonableness or otherwise of the price demanded rests squarely upon |
| As a student of the Law of Commercial Transactions, would it be correct to hold that the Law of Commercial Transactions cover and include such domains as sale of goods, banking, intellectual property, taxation, company management, hire purchase, competition, agency, and insurance? |
| Where the price of a contract for the sale of goods is to be fixed or determined by a third party valuation and the third party fails to discharge this duty, the contract is to be |
| The case of Morgan v Russel & Sons (1909) 1 KB 357 is an authority that the contract for the sale of goods does not apply to |
| Providing that the consideration in a contract of sale should be in money called the price, the sale of goods law frowns at barter or exchange being construed as a sale. However, the stipulation is not cast in concrete on the authority of |
| Immediately the Commercial Transactions lecture, Ms Genius confronted Mr Bookworm on the the difference, if any, between hire purchase and contract of sale of goods. According to Ms Genius a credit sale (where the property in the goods passes to the buyer at once) and conditional sale (where the seller retains the property in the goods until the whole of the price is paid) is a hire purchase contract. Mr Bookworm disagreed. What is your view? |
| A typical illustration showing that a sale is different from a security for a loan is a mortgage. In a sale the general property in the goods passes to the buyer absolutely. In a mortgage it passes subject to the condition that the mortgagor |
| The judicial authority for the proposition that the burden of proof lies on the seller to show that the price he asks or insists that the buyer must pay is reasonable in the in relevant circumstances can be found in the |
| Under the Sale of Goods Act, “existing goods” have been defined as goods owned or possessed by the seller. Following this defintion, can it be said that the word “existing” has the same meaning with “in existence” in an everyday sense? |
| It is possible for goods to be physically available, and yet not in existence within the meaning of the Sale of Goods Act. This condition is fulfilled when |
| All of the following except one fall into the main categories of “unascertained goods” |
| The general law governing capacity to enter into contractual relations is contemporaneous with the capacity to create a valid sales of goods contract. This means that relevant is the case of |
| Generally, once an offer is made it takes a life of its own. It continues to live and keeps on living, always open for the offeree to accept until a legally recognizable event ensues to bring it to an end. The includes |
| Consideration is executed if the act is or has been performed in return for a promise. It is executory if the offer as well as acceptance remains within the domain of promises and as to liability |
| One of the following is not one of the basic rules for determing when the property in the goods under a sale of goods contract passes |
| Any situation in which a seller who is a non-owner, or a person with a defective title, confers a goood title on his buyer and in doing so defeats the claims of the true owner or of a person with a superior title is called |
| A typical illustration showing that a sale is different from a security for a loan is a mortgage. In a sale the general property in the goods passes to the buyer absolutely. In a mortgage it passes subject to the condition that the mortgagor |
| The judicial authority for the proposition that the burden of proof lies on the seller to show that the price he asks or insists that the buyer must pay is reasonable in the in relevant circumstances can be found in the |
| Under the Sale of Goods Act, “existing goods” have been defined as goods owned or possessed by the seller. Following this defintion, can it be said that the word “existing” has the same meaning with “in existence” in an everyday sense? |
| It is possible for goods to be physically available, and yet not in existence within the meaning of the Sale of Goods Act. This condition is fulfilled when |
| All of the following except one fall into the main categories of “unascertained goods” |
| The general law governing capacity to enter into contractual relations is contemporaneous with the capacity to create a valid sales of goods contract. This means that relevant is the case of |
| Generally, once an offer is made it takes a life of its own. It continues to live and keeps on living, always open for the offeree to accept until a legally recognizable event ensues to bring it to an end. The includes |
| Consideration is executed if the act is or has been performed in return for a promise. It is executory if the offer as well as acceptance remains within the domain of promises and as to liability |
| One of the following is not one of the basic rules for determing when the property in the goods under a sale of goods contract passes |
| Any situation in which a seller who is a non-owner, or a person with a defective title, confers a goood title on his buyer and in doing so defeats the claims of the true owner or of a person with a superior title is called |
| What is a strategic factor in realizing human development ? |
| That which is an ideal way of development of the health care is known as— |
| _______________ is a system by which a health worker transfers responsibility of care to another. |
| That which enables public administration students to understand both sectoral sectoral allocation is known as |
| public administration is ________________group effort that covers three branches of governments. |
| In _______________ hospitals,there is a rule that all patients must be seen by doctors. |
| what type of clerks can determine the volume of patients in a given day in the hospital |
| The role of the federal ministry of health includes the underlisted except_ |
| The federal ministry of health is headed by who? |
| That which determines the strenght of any county is__________ |
| A social component and a system that is driven by the people and specialized technology is known as |
| Who defined a system as a set of objects together with relationships between the objects and attributes |
| All systems are divided into how many parts. |
| ________________refers to the parts , the smallest meaningful units that interact which other to fulfill the purposes of the system |
| The messages and stimuli that trigger of internal components to perform some functions are known as |
| That which refers to everything that has the potential to affect all or part of the organization is known as |
| The arbitrary demarcation of units in a system is known as |
| That which refers to all that the system produces by design but arbitrarily is known as |
| A system that exists within a larger system is known as |
| The tendency of a system to achieve a state of balance is known as |
