Post Utme Unilag 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Unilag Commerce examination.

Post Utme Unilag 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2020 • COMMERCE • objective

A company has the following business law: a contract between the company and a supplier requires the supplier to deliver goods within 30 days of the date of the contract. The supplier fails to deliver the goods within the stipulated time. What is the consequence of the supplier's action?

Answer Options

A. The supplier will be required to pay a fine of ₦500,000
B. The supplier will be required to deliver the goods within 15 days
C. The supplier will be required to pay a compensation of ₦1,000,000 to the company
Correct Answer D. The supplier will be required to pay a penalty of ₦2,000,000
Correct Answer
D
Correct Option:
The supplier will be required to pay a penalty of ₦2,000,000

About This Question

This is Post Utme Unilag 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.

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