Post Utme Lasu 2021 Commerce Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Lasu Commerce examination.

Post Utme Lasu 2021 Commerce Objective / Multiple Choice
Question 5 POST_UTME_LASU • 2021 • COMMERCE • objective

A company in Lagos engages in a business practice that is unfair to consumers. The company is required to cease the practice under the Consumer Protection Law. What is the legal consequence of the company's failure to comply?

Answer Options

A. The company may be fined ₦500,000
Correct Answer B. The company may be ordered to pay damages to consumers who were affected by the unfair practice
C. The company may be liable for any losses incurred by consumers who were affected by the unfair practice
D. The company may be exempt from liability if it can prove that the practice was not unfair
Correct Answer
B
Correct Option:
The company may be ordered to pay damages to consumers who were affected by the unfair practice

About This Question

This is Post Utme Lasu 2021 Commerce Question 5. It is one of the objective questions from the 2021 Post Utme Lasu Commerce examination.

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