JAMB Commerce 2000 Question 47

Question 47

Law of Contract

The legal aspect of business is designed to

  1. A.protect business organizations and consumers
  2. B.safeguard consumers from undue business practices
  3. C.protect infant industries from collapse
  4. D.encourage free exchanges among businesses.
Show the answer and explanation

Answer: A (protect business organizations and consumers)

Explanation

Business law protects both businesses and consumers in their dealings.