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A terms of payment in which the buyer pays cash immediately for goods bought before...

Commerce
JAMB 2019

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

  • A. Prompt cash
  • B. Cash on delivery
  • C. Spot cash
  • D. Cash with order
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Correct Answer: Option C
Explanation

A spot price is the price that is the current price and at which the instant delivery takes place. Spot payment or price is the same as the market price.

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WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free