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Commerce 2024 JAMB Past Questions

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76

A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a

  • A. jobber
  • B. bull
  • C. broker
  • D. bear
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77

The term "caveat emptor" implies that

  • A. goods have been transferred to the buyer
  • B. let the buyer beware
  • C. let the seller beware
  • D. goods are still with the seller
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78

Which of the following types of insurance is usually excluded from the principle of indemnity?

  • A. Fire
  • B. Fidelity Guarantee
  • C. Marine
  • D. Life
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79

A type of partnership in which all partners have unlimited liability and jointly manage the business is known as partnership.

  • A. ordinary
  • B. nominal
  • C. unlimited
  • D. Limited
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80

An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called agent

  • A. general
  • B. special
  • C. sales
  • D. del-credere
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