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A document sent by a broker to his client to confirm a purchase or sale made...

Commerce
JAMB 2014

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

  • A. delivery note
  • B. consignment note
  • C. transfer form
  • D. contract note
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Correct Answer: Option D
Explanation

Contract note is the legal record of any transaction carried out on a stock exchange through a stock broker. 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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