Post Utme Futo 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 34 POST_UTME_FUTO • 2019 • COMMERCE • objective

A bank is sued by a customer for breach of contract. The bank's liability is unlimited. Which of the following is a correct statement regarding the bank's liability?

Answer Options

A. The bank's liability is limited to the amount of the purchase price of the goods sold.
Correct Answer B. The bank's liability is unlimited and the customer can claim for all damages.
C. The bank's liability is limited to the amount of the contract price.
D. The bank's liability is limited to the amount of the purchase price of the goods sold plus interest.
Correct Answer
B
Correct Option:
The bank's liability is unlimited and the customer can claim for all damages.

About This Question

This is Post Utme Futo 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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