CLL307


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A bill of lading is a
document signed by the ship owner, or by the master or other agent of the ship owner, which
states that certain goods have been shipped on a particular ship and sets out the terms on which
these goods have been delivered to and received by the ship owner.


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
Answer: transfer of title

Under	of the Sale of Goods Act,
where the buyer wrongfully neglects or refuses to accept and pay for the goods, the seller will have an action for damages for non acceptance
Answer: section 50(1)

A group of four Nigerians approached you to register \
Answer: n25 million

The conditions precedent to the invocation of the provision of section 9(5) as to right of action by the owner. The conditions include the following, excluding
Answer: to refund all rents paid by the hirer

Where the hirer under the relevant hire purchase agreement is in default, in consequence of which a notice has been served on him, a refusal to deliver up the goods activate the ownerVs right of action. What section of Hire Purchase Act is in issue here
Answer: section 14(1)

a compulsory contribution to the support of government levied on persons property, income, commodities, transactions, etc, now at a fixed rate proportionate to the amount on which the contributions is levied. This refers to
Answer: tax

There are different types of companies recognised under the Nigerian law. This is not surprising Companies are the vehicle by which economic activities ventilated globally. A company established an enactment is called
Answer: statutory company

A	transaction is a bailment
of goods but with a provision for the option of sale or transfer of the property in the goods bailed from the bailor to the bailee
Answer: hire purchase agreement


Bill of lading

Section 14(1)


Email: bbcnoun@gmail.com
Whatsapp: 08131667008