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Commerce 1989 WAEC Past Questions

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16
The insured is the?
  • A. insurance company
  • B. insurance company's client
  • C. insurance broker
  • D. insurance agent
  • E. insurance manager
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17
A partnership is formed for banking business is made up of?
  • A. 2 - 10 members
  • B. 2 -20members
  • C. 2 - 30 members
  • D. 2 - 40 members
  • E. 2 - 50 members
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18
Whichof the following is not true of limited partnership?
  • A. Every member is a limited partner
  • B. All members are general partners
  • C. All members are limited liability
  • D. There is at least one ordinary partner
  • E. Limited and ordinary members must be equal in number
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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19
Which of the following is not required for the dissolution of a partnership?
  • A. Experiation of partnership deed
  • B. Termination of the venture
  • C. One partner notifying the other of his intention to dissolve it
  • D. mutual consent of the partners
  • E. Order from the registrar of companies
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20
Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?
  • A. trade union
  • B. co-operative societies
  • C. trade association
  • D. chamber of commerce
  • E. manufacturers association
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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
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts